Zee Ent. shares gain 0.11% as Sensex rises
Zee Entertainment Enterprises Ltd. traded 0.11 per cent up at Rs 251.6 at 10:41AM (IST) on Friday, even as BSE benchmark Sensex gained 622.39 points to 72343.57.
The scrip had closed at Rs 251.3 in the previous session.
The stock quoted a 52-week high price of Rs 299.5 and 52-week low of Rs 172.25, respectively. As per BSE data, total traded volume on the counter till 10:41AM (IST) stood at 412554 shares with a turnover of Rs 10.46 crore.
At the current price, the stock traded at -247.02 times its trailing 12-month earnings per share of Rs -1.06 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 31-Dec-2023, while FIIs owned 28.19 per cent and DIIs 32.49 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 39.58. The RSI oscillates between zero and 100.
