Zee Ent Share Price: Zee Ent. shares gain 0.75% as Sensex falls

Shares of Zee Entertainment Enterprises Ltd. traded 0.75 per cent higher in Friday’s session at 12:59PM (IST). The stock opened at Rs 334.05 and has touched an intraday high and low of Rs 347.4 and Rs 325.95, 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 1,799,990 shares changed hands on the counter so far.

Benchmark Nifty50 was down 348.9 points at 17187.35, while the BSE Sensex traded 1171.62 points lower at 57623.47 at the time of writing of this report.

In the Nifty pack, 7 stocks traded the day in the green, while 43 were in the red.

Key Financials

For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 2010.47 crore, up 11.16 per cent from the previous quarter’s Rs 1808.56 crore and up 14.19 per cent from the year-ago quarter. The company reported net profit of Rs 270.16 crore for the latest quarter.


Promoter Holdings

Promoters held 3.99 per cent stake in the company as of 30-Sep-2021, while FIIs held 57.18 per cent and MFs 7.26 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 228.69 on November 26, while the 50-DMA was at Rs 306.96. 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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