Share price of Zee Ent. rises as Nifty strengthens

Share price of Zee Ent. rises as Nifty strengthens
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 828,075 shares changed hands on the counter till 11:12AM (IST).

Getty Images
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.
Shares of Zee Entertainment Enterprises Ltd. gained 1.97 per cent to Rs 204.5 in Thursday's trade as of 11:12AM (IST).

The stock hit a high price of Rs 205.2 and low of Rs 200.7 during the session.

The return on equity (ROE) for the stock stood at 5.63 per cent. Traded volume on the counter stood at 11:12AM shares and turnover at Rs 16.74 crore around that time.

The stock of Zee Entertainment Enterprises Ltd. quoted a 52-week high and 52-week low prices of Rs 261.0 and Rs 126.0, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.98.

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

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 previous quarter's Rs 1760.61 crore and up 30.07 per cent from the year-ago quarter's Rs 2119.6 crore.

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

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day