Share price of Zee Ent. rises as Nifty strengthens

Shares of Zee Entertainment Enterprises Ltd. gained 2.55 per cent to Rs 305.2 in Friday's trade as of 10:20AM (IST).

The stock hit a high price of Rs 308.25 and low of Rs 296.0 during the session.

The return on equity (ROE) for the stock stood at 7.92 per cent. Traded volume on the counter stood at 10:20AM shares and turnover at Rs 15.48 crore around that time.

The stock of Zee Entertainment Enterprises Ltd. quoted a 52-week high and 52-week low prices of Rs 362.85 and Rs 166.8, 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 3.99 per cent stake in the company as of 30-Sep-2021, while FIIs held 57.18 per cent and domestic institutional investors had 15.98 per cent.

Key Financials
The company reported consolidated sales of Rs 1808.56 crore for the quarter ended 30-Jun-2021, down 8.86 per cent from previous quarter's Rs 1984.39 crore and down 35.13 per cent from the year-ago quarter's Rs 1338.41 crore.

Net profit after tax for the latest quarter stood at Rs 213.74 crore, up 603.79 per cent from the same quarter a year ago.