Zee Ent Share Price: Zee Ent. shares down 2.6% as Nifty gains

Shares of Zee Entertainment Enterprises Ltd. rose 2.6 per cent to Rs 311.0 in Monday’s trade. It hit an intraday high of Rs 324.1 and low of Rs 309.15, respectively, during the day.

The stock quoted a 52-week high price of Rs 362.85 and low of Rs 166.8.

As of 02:07PM (IST), the counter saw total traded volume of 636,847 shares with a traded value of Rs 20.08 crore, according to NSE.

The stock had closed at Rs 319.3 in the previous session.

The scrip has advanced 21.61 per cent in the past one month till date, while the benchmark BSE Sensex has gained 6.2 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 30.41 while price-to-book ratio stood at 1.93. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the TV Broadcasting & Software Production industry.

Promoter/FII Holding
Promoters held 0.22 per cent stake in the company as of 30-Sep-2021, while FII and MF ownership in the firm stood at 57.18 per cent and 7.26 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1808.56 crore for the quarter ended 30-Jun-2021, 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. Its net profit for the latest quarter stood at Rs 213.74 crore, up 603.79 per cent from the same quarter a year ago.

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