Share price of Zee Entertainment Enterprises Ltd. falls as Sensex gains 45.29 points

Share price of Enterprises Ltd. dropped 0.37 per cent to Rs 202.4 at 11:12AM (IST) in Thursday's trade. The stock hit a high of Rs 205.8 and low of Rs 202.2 so far during the session. The stock had closed at Rs 203.15 in the previous session.

The counter had a total traded volume of 11:12AM shares so far with a turnover of Rs 1.52 crore on BSE. The stock traded at a price-to-earnings multiple of -80.28 and a price-to-book ratio of 1.27.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 4.02 per cent stake in the company as of 31-Dec-2020, while FIIs and domestic institutional investors ownership stood at 65.76 per cent and 12.01 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 2756.93 crore for the quarter ended 31-Dec-2020, up 56.59 per cent from the previous quarter's Rs 1760.61 crore and up 30.07 per cent from the year-ago quarter's Rs 2119.6 crore.

Its profit for the latest quarter stood at Rs 399.91 crore, up 14.45 per cent from the same quarter a year ago.