Zee Ent Share Price: Zee Ent. share price down 2.2 per cent

Shares of Zee Entertainment Enterprises Ltd. traded 2.2 per cent up at Rs 296.3 at around 01:26PM (IST) on Friday. The stock had closed at Rs 302.95 in the previous session. Equity benchmark Sensex traded 413.99 points lower at 58712.37 around the same time.

The scrip has climbed 38.45 per cent in the last one year till date, while the 30-share index has gained 57.04 per cent during the same period.

The stock’s 52-week high price stood at Rs 362.85 and the 52-week low price at Rs 166.8.

Trading volume on the counter stood at 615,401 shares, while it quoted a price-to-earnings ratio of 28.99, an EPS value of 10.24 and a price-to-book value of 1.93. In the Nifty50 pack, 17 stocks traded in the green, while 33 stocks were in the red.

Promoter/FII Holding
Promoters held 3.99 per cent stake in the company as of 30-Jun-2021, while overseas investor and MF ownership stood at 57.46 per cent and 8.1 per cent, respectively.

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’s Rs 1338.41 crore. The company reported net profit of Rs 213.74 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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