Zee ent share price: Zee Ent. stock price up 0.57 per cent as Sensex climbs

Shares of Zee Entertainment Enterprises Ltd. rose 0.57 per cent to Rs 202.65 at 12:28PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 139,377 shares with a turnover of Rs 2.83 crore till 12:28PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 24.39, 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 204.9 and a low of Rs 202.05 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 206.79 on July 22, while the 50-DMA was at Rs 211.85. 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 33.03. 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 30-Jun-2021, promoters held 3.99 per cent stake in the company, while overseas investors held 57.46 per cent and domestic institutional investors had 18.47 per cent.

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