Zee Ent. shares rise 0.82 per cent in Wednesday’s trading session


Shares of Zee Entertainment Enterprises Ltd. rose 0.82 per cent to Rs 173.15 in Wednesday’s trade as of 10:31AM (IST) even as the benchmark Nifty ruled at 17148.95, up 16.75 points.

The scrip had closed at Rs 171.75 in the previous session. The stock quoted a 52-week low of Rs 166.8 and a high of Rs 261.0. The company quoted a market-cap of Rs 16645.74 crore on the BSE.

On BSE, 155,580 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 16.93 times its trailing 12-month EPS of Rs 10.24 per share and 1.93 times its book value. The return on equity (ROE) stood at Rs 7.92.

Key Financials

For the quarter ended 30-Jun-2021, Zee Entertainment Enterprises Ltd. reported consolidated sales of Rs 1808.56 crore, down 35.13 per cent from the same quarter a year ago. The company reported 603.79 per cent YoY growth in net profit at Rs 213.74 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Wednesday. 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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