Zee Ent Stock Price: Zee Ent. shares fall 2.91 per cent in Monday’s trading session

Shares of Zee Entertainment Enterprises Ltd. fell 2.91 per cent to Rs 188.3 in Monday’s trade as of 01:43PM (IST) even as the benchmark Nifty ruled at 14314.20, down 303.65 points.

The scrip had closed at Rs 193.95 in the previous session. The stock quoted a 52-week low of Rs 128.7 and a high of Rs 261.0. The company quoted a market-cap of Rs 18134.32 crore on the BSE.

On BSE, 475,604 shares have changed hands on the counter so far. At its prevailing price, the stock traded at -74.83 times its trailing 12-month EPS of Rs -2.52 per share and 1.27 times its book value. The return on equity (ROE) stood at Rs 5.63.

Key Financials

For the quarter ended 31-Dec-2020, Zee Entertainment Enterprises Ltd. reported consolidated sales of Rs 2756.93 crore, up 30.07 per cent from the same quarter a year ago. The company reported 14.45 per cent YoY growth in net profit at Rs 399.91 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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