Share price of Zee Ent. falls as Sensex gains 320.6 points

Share price of Zee Ent. falls as Sensex gains 320.6 points
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Synopsis

Promoters held 0.22 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 39.18 per cent and 21.42 per cent, respectively.

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
The share price of . dropped 1.53 per cent to Rs 238.1 at 02:38PM (IST) in Tuesday's trade. The counter has hit a high of Rs 245.6 and low of Rs 236.0 so far during the session. The stock had closed at Rs 241.8 in the previous session.

The counter has had a total traded volume of 668739 shares so far with a value of Rs 16.19 crore on the NSE. It traded at a price-to-earnings multiple of 26.72 and a price-to-book ratio of 2.55.

A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 31.51 per cent during the past one year, while the 30-share index advanced 9.89 per cent during the same period.

Zee Entertainment Enterprises Ltd. belongs to the TV Broadcasting & Software Production industry.

Promotor/FII Holding
Promoters held 0.22 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership stood at 39.18 per cent and 21.42 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 1879.53 crore for the quarter ended 30-Jun-2022, down 20.4 per cent from the previous quarter's Rs 2361.17 crore and down 3.92 per cent from the year-ago quarter's Rs 1808.56 crore.

Profit for the latest quarter stood at Rs 106.6 crore, down 50.13 per cent from the same quarter a year ago.
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