Zee Ent. share price down 4.39 per cent

Shares of Zee Entertainment Enterprises Ltd. traded 4.39 per cent up at Rs 221.25 at around 02:05PM (IST) on Monday. The stock had closed at Rs 231.4 in the previous session. Equity benchmark Sensex traded 11.36 points higher at 55869.88 around the same time.


The scrip has climbed 10.15 per cent in the last one year till date, while the 30-share index has gained 13.82 per cent during the same period.


The stock's 52-week high price stood at Rs 378.6 and the 52-week low price at Rs 166.8.

Trading volume on the counter stood at 782,536 shares, while it quoted a price-to-earnings ratio of 20.08, an EPS value of 11.02 and a price-to-book value of 1.93. In the Nifty50 pack, 27 stocks traded in the green, while 22 stocks were in the red.

Promoter/FII Holding
Promoters held 3.99 per cent stake in the company as of 31-Dec-2021, while FII and mutual funds' ownership stood at 52.21 per cent and 12.16 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 2130.44 crore, up 5.97 per cent from the previous quarter's Rs 2010.47 crore and up 22.72 per cent from the year-ago quarter's Rs 2756.93 crore. The company reported net profit of Rs 298.73 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.