Zee Ent. shares rise 0.92% as Nifty gains

Zee Ent. shares rise 0.92% as Nifty gains
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

The stock quoted a 52-week high price of Rs 308.65 and a 52-week low of Rs 200.5.

Trading guideGetty Images
Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of . traded 0.92 per cent up at Rs 224.8 on Monday at around 11:28AM (IST), while the benchmark BSE Sensex advanced 392.33 points to 61014.1.

As many as 72,270 shares changed hands on the counter with a total value of Rs 1.61 crore.

The stock quoted a 52-week high price of Rs 308.65 and a 52-week low of Rs 200.5.

On the technical charts, the 200-DMA of the stock stood at Rs 249.08, while 50-DMA was at Rs 247.19. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 22.32 per cent in the past one year, while Sensex has 0.51 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 30.85 and a price-to-book ratio of 2.55. 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the TV Broadcasting & Software Production industry.
Experience Your Economic Times Newspaper, The Digital Way!

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by
Read before you invest. Insights on Zee Entertainment Enterprises Ltd.. Explore Now