Shares of Zee Ent. fall as Nifty drops

Shares of . slipped 4.11 per cent to Rs 262.25 in Friday's trade as of 01:50PM (IST). It hit a high of Rs 275.3 and low of Rs 261.7 during the session.

The stock quoted a 52-week high price of Rs 378.6 and a low of Rs 200.5. The return on equity for the stock stood at 8.87 per cent. About 519,519 shares have changed hands on the counter so far.

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

The scrip has been an underperformer, down 17.61 per cent in the past one year in comparison with a 1.26 per cent fall in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 200.5 on September 23, while the 50-DMA was at Rs 250.88. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 0.22 per cent stake in Zee Entertainment Enterprises Ltd. as of 30-Jun-2022. Mutual funds and foreign institutional investors held 21.42 per cent and 39.18 per cent stake.