Zee ent share price: Zee Ent. stock price down 0.8 per cent as Sensex slides

Shares of Zee Entertainment Enterprises Ltd. fell 0.8 per cent to Rs 228.65 at 12:25PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 848,748 shares with a turnover of Rs 19.47 crore till 12:25PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 27.53, while the price-to-book value ratio stood at 1.27.

Return on equity (ROE) was at 7.92 per cent, according to exchange data. The stock hit an intraday high of Rs 231.75 and a low of Rs 227.15 during the session and quoted a 52-week high price of Rs 261.0 and a 52-week low of Rs 134.75.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.98.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 206.35 on June 16, while the 50-DMA was at Rs 199.45. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 68.96. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2021, promoters held 3.99 per cent stake in the company, while overseas investors held 64.15 per cent and domestic institutional investors had 12.4 per cent.

Source Link