Zee Ent. shares gain 0.05% as Sensex rises

economictimes.indiatimes.com:

Zee Entertainment Enterprises Ltd. traded 0.05 per cent up at Rs 262.4 at 11:16AM (IST) on Friday, even as BSE benchmark Sensex gained 188.18 points to 65019.59.
The scrip had closed at Rs 262.25 in the previous session.

The stock quoted a 52-week high price of Rs 290.5 and 52-week low of Rs 172.25, respectively. As per BSE data, total traded volume on the counter till 11:16AM (IST) stood at 280230 shares with a turnover of Rs 739.0 crore.
At the prevailing price, shares of the company traded at -225.07 times its trailing 12-month earnings per share of Rs -1.17 per share and 1.9 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business.

The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.98.
Shareholding Details
Promoters held 0.22 per cent stake in the company as of 30-Jun-2023, while FIIs owned 33.4 per cent and DIIs 30.0 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 57.06. The RSI oscillates between zero and 100.

Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.