Zee Ent. stock price up 5.73 per cent as Sensex climbs

Shares of Zee Entertainment Enterprises Ltd. rose 5.73 per cent to Rs 256.3 at 10:00AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 547,351 shares with a turnover of Rs 13.9 crore till 10:00AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 23.25, while the price-to-book value ratio stood at 1.93.

Return on equity (ROE) was at 7.92 per cent, according to exchange data. The stock hit an intraday high of Rs 262.25 and a low of Rs 242.6 during the session and quoted a 52-week high price of Rs 378.6 and a 52-week low of Rs 166.8.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.98.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 264.56 on March 14, while the 50-DMA was at Rs 278.19. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 50.87. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2021, promoters held 3.99 per cent stake in the company, while foreign institutional investors held 52.21 per cent and domestic institutional investors had 20.86 per cent.