Share price of Zee Ent. falls as Sensex gains 669.16 points

Share price of Zee Entertainment Enterprises Ltd. dropped 1.3 per cent to Rs 185.55 at 11:43AM (IST) in Monday's trade. The scrip hit a high of Rs 190.85 and low of Rs 185.45 so far during the session. The stock had closed at Rs 188.0 in the previous session.

The counter had a total traded volume of 11:43AM shares so far with a turnover of Rs 2.94 crore on BSE. The stock traded at a price-to-earnings multiple of -73.92 and a price-to-book ratio of 1.27.

A higher P/E 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 3.99 per cent stake in the company as of 31-Mar-2021, while foreign investors and domestic institutional investors ownership stood at 64.15 per cent and 12.4 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.