Zee Ent Share Price: Zee Ent. shares gain 0.83% as Sensex falls

Shares of Zee Entertainment Enterprises Ltd. traded 0.83 per cent higher in Wednesday’s session at 10:31AM (IST). The stock opened at Rs 306.2 and has touched an intraday high and low of Rs 312.55 and Rs 304.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 362.85 and a 52-week low of 166.8. About 416,701 shares changed hands on the counter so far.

Benchmark Nifty50 was down 108.45 points at 17640.15, while the BSE Sensex traded 456.57 points lower at 59211.03 at the time of writing of this report.

In the Nifty pack, 18 stocks traded the day in the green, while 32 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 1808.56 crore, down 8.86 per cent from the previous quarter’s Rs 1984.39 crore and down 35.13 per cent from the year-ago quarter. The company reported net profit of Rs 213.74 crore for the latest quarter.


Promoter Holdings

Promoters held 3.99 per cent stake in the company as of 30-Jun-2021, while FIIs held 57.46 per cent and MFs 8.1 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 211.36 on September 29, while the 50-DMA was at Rs 210.72. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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