Zee Ent. shares gain 0.45% as Sensex falls
Zee Entertainment Enterprises Ltd. traded 0.45 per cent up at Rs 288.55 at 01:39PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 170.12 points to 72240.26.
The stock had closed at Rs 287.25 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 01:39PM (IST) stood at 409724 shares with a turnover of Rs 11.72 crore.
At the prevailing price, shares of the company traded at -271.65 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 30-Sep-2023, while FIIs owned 35.0 per cent and DIIs 30.09 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 62.35. The RSI oscillates between zero and 100.
