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    Zee Ent. shares down 0.51% as Nifty falls

    Synopsis

    The stock quoted a 52-week high price of Rs 362.85 and low of Rs 166.8.

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    India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
    Shares of Zee Entertainment Enterprises Ltd. rose 0.51 per cent to Rs 323.2 in Wednesday's trade. It hit an intraday high of Rs 324.85 and low of Rs 318.1, respectively, during the day.

    The stock quoted a 52-week high price of Rs 362.85 and low of Rs 166.8.

    As of 01:33PM (IST), the counter saw total traded volume of 467,400 shares with a traded value of Rs 15.04 crore, according to NSE.

    The stock had closed at Rs 324.85 in the previous session.

    The scrip has advanced 1.21 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.68 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 26.7 while price-to-book ratio stood at 1.93. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the TV Broadcasting & Software Production industry.

    Promoter/FII Holding
    Promoters held 0.22 per cent stake in the company as of 30-Sep-2021, while FII and MF ownership in the firm stood at 57.18 per cent and 7.26 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 2010.47 crore for the quarter ended 30-Sep-2021, up 11.16 per cent from the previous quarter's Rs 1808.56 crore and up 14.19 per cent from the year-ago quarter's Rs 1760.61 crore. Its net profit for the latest quarter stood at Rs 270.16 crore, up 187.19 per cent from the same quarter a year ago.

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