Zee Entertainment Enterprises Ltd. shares up 0.25% as Nifty drops

NEW DELHI: Shares of Zee Entertainment Enterprises Ltd. traded 0.25 per cent up in Friday's trade at 01:42PM (IST). Around 1,234,123 shares changed hands on the counter.

The stock opened at Rs 216.5 and touched an intraday high and low of Rs 223.65 and Rs 210.45, respectively, in the session so far. Shares of the company of Zee Entertainment Enterprises Ltd. quoted a 52-week high of Rs 367.2 and a 52-week low of Rs 114.0.

Total market cap of the Zee Entertainment Enterprises Ltd. stood at Rs 21217.54 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 1312.03 crore for the quarter ended 30-Jun-2020, down 32.75 per cent from previous quarter's Rs 1951.08 crore and down 34.66 per cent from the year-ago quarter's Rs 2008.12 crore.

The net profit for latest quarter stood at Rs 30.37 crore, down 94.28 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2020, DIIs held 3.77 per cent stake in the firm, while foreign institutional investors held 67.32 per cent and the promoters 1.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 805.22 and a price-to-book ratio of 2.27. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.