Zee Ent. shares down 0.4% as Nifty gains

Zee Ent. shares down 0.4% as Nifty gains
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Synopsis

A total of 127,883 shares changed hands on the counter till 11:01AM (IST).

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RSI has turned north from the 60 level, confirming bullishness.
NEW DELHI: Shares of Zee Entertainment Enterprises Ltd. traded 0.4 per cent down in Monday's trade at 11:01AM (IST). Around 127,883 shares changed hands on the counter.

The scrip opened at Rs 322.65 and touched an intraday high and low of Rs 324.7 and Rs 321.1, respectively, in the session so far. The stock of Zee Entertainment Enterprises Ltd. quoted a 52-week high of Rs 378.6 and a 52-week low of Rs 166.8.

Total market cap of the Zee Entertainment Enterprises Ltd. stood at Rs 30986.24 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 270.16 crore, up 187.19 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, domestic institutional investors held 7.26 per cent stake in the company, while foreign institutional investors held 57.18 per cent and the promoters 3.99 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 26.72 and a price-to-book ratio of 1.93. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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