Share price of Zee Ent. jumps as Sensex gains 687.16 points

Share price of Zee Ent. jumps as Sensex gains 687.16 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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The share price of . gained 5.22 per cent to Rs 277.05 at 10:00AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 279.75 and low of Rs 271.3 so far during the session. The stock had closed at Rs 263.3 in the previous session.

The counter has had a total traded volume of 719335 shares so far with a value of Rs 19.81 crore on the NSE. It traded at a price-to-earnings multiple of 30.7 and a price-to-book ratio of 2.55.

A higher P/E 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 declined 10.86 per cent during the past one year, while the 30-share index slipped -3.61 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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