Zee Entertainment Enterprises Ltd. stock price down 1.22 per cent as Sensex climbs

As of 30-Jun-2020, promoters held 1.0 per cent stake in the company, while FIIs held 67.32 per cent and domestic institutional investors had 3.77 per cent.

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Nifty on Wednesday halted a falling spree and formed a bullish candle on the daily chart.
Shares of Zee Entertainment Enterprises Ltd. fell 1.22 per cent to Rs 214.6 at 01:59PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 277,371 shares with a turnover of Rs 5.98 crore till 01:59PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 781.71, while the price-to-book value ratio stood at 1.27.

Return on equity (ROE) was at 5.63 per cent, according to exchange data. The stock hit an intraday high of Rs 219.7 and a low of Rs 213.65 during the session and quoted a 52-week high price of Rs 362.5 and a 52-week low of Rs 114.0.


The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.98.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 201.92 on September 16, while the 50-DMA was at Rs 178.88. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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The Relative Strength Index (RSI) of the stood at 60.3. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2020, promoters held 1.0 per cent stake in the company, while overseas investors held 67.32 per cent and domestic institutional investors had 3.77 per cent.
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