Zee Ent. shares rise 1.44% as Nifty gains
The stock quoted a 52-week high price of Rs 299.5 and a 52-week low of Rs 126.15.
By ETMarkets.com |
ETMarkets.com
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
Shares of Zee Entertainment Enterprises Ltd. traded 1.44 per cent up at Rs 147.2 on Wednesday at around 11:52AM (IST), while the benchmark BSE Sensex advanced 192.98 points to 81648.38.
As many as 447,747 shares changed hands on the counter with a total value of Rs 6.56 crore.
The stock quoted a 52-week high price of Rs 299.5 and a 52-week low of Rs 126.15.
On the technical charts, the 200-DMA of the stock stood at Rs 191.64, while 50-DMA was at Rs 150.83. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 39.94 per cent in the past one year, while Sensex has risen 22.4 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 99.53 and a price-to-book ratio of 1.23. 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the TV Broadcasting & Software Production industry.
As many as 447,747 shares changed hands on the counter with a total value of Rs 6.56 crore.
The stock quoted a 52-week high price of Rs 299.5 and a 52-week low of Rs 126.15.
On the technical charts, the 200-DMA of the stock stood at Rs 191.64, while 50-DMA was at Rs 150.83. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 39.94 per cent in the past one year, while Sensex has risen 22.4 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 99.53 and a price-to-book ratio of 1.23. 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the TV Broadcasting & Software Production industry.
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