Share price of Zee Ent. jumps as Sensex gains 140.11 points

Share price of Zee Entertainment Enterprises Ltd. gained 0.32 per cent to Rs 170.55 at 11:23AM (IST) in Tuesday’s trade. The scrip hit a high of Rs 172.25 and low of Rs 170.0 so far during the session. The stock had closed at Rs 170.0 in the previous session.

The counter had a total traded volume of 11:23AM shares so far with a turnover of Rs 2.31 crore on BSE. The stock traded at a price-to-earnings multiple of 16.65 and a price-to-book ratio of 1.27.

A higher P/E ratio shows 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 is the measure of the price that investors are ready to pay even for no growth in the business.

Zee Entertainment Enterprises Ltd. belongs to the TV Broadcasting & Software Production industry.

Promotor/FII Holding

Promoters held 3.99 per cent stake in the company as of 30-Jun-2021, while overseas investors and domestic institutional investors ownership stood at 57.46 per cent and 18.47 per cent, respectively.

Key Financials

The company reported consolidated net 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 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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