Zee Ent Share Price: Zee Ent. stock price up 1.95 per cent as Sensex slides

Shares of Zee Entertainment Enterprises Ltd. rose 1.95 per cent to Rs 326.5 at 10:10AM 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 1,468,453 shares with a turnover of Rs 47.94 crore till 10:10AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 31.88, while the price-to-book value ratio stood at 1.93.

Return on equity (ROE) was at 7.92 per cent, according to exchange data. The stock hit an intraday high of Rs 331.85 and a low of Rs 319.3 during the session and quoted a 52-week high price of Rs 362.85 and a 52-week low of Rs 166.8.

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 217.89 on October 21, while the 50-DMA was at Rs 242.09. 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 70.24. 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-Sep-2021, promoters held 3.99 per cent stake in the company, while FIIs held 57.18 per cent and domestic institutional investors had 15.98 per cent.

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