Zee Entertainment Enterprises Ltd. stock price down 0.41 per cent as Sensex slides

Zee Entertainment Enterprises Ltd. stock price down 0.41 per cent as Sensex slides
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Synopsis

As of 31-Dec-2020, promoters held 0.25 per cent stake in the company, while FIIs held 65.76 per cent and domestic institutional investors had 3.93 per cent.

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Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.

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Shares of Enterprises Ltd. fell 0.41 per cent to Rs 216.05 at 02:02PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 542,265 shares with a turnover of Rs 11.68 crore till 02:02PM (IST). The stock traded at a price-to-earnings (P/E) multiple of -85.61, 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 217.2 and a low of Rs 213.1 during the session and quoted a 52-week high price of Rs 261.0 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 197.11 on March 22, while the 50-DMA was at Rs 219.01. 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.

The Relative Strength Index (RSI) of the stood at 50.58. 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 31-Dec-2020, promoters held 0.25 per cent stake in the company, while foreign institutional investors held 65.76 per cent and domestic institutional investors had 3.93 per cent.

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