Zee Ent. shares down 1.53% as Nifty drops

Zee Ent. shares down 1.53% as Nifty drops
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Synopsis

A total of 115,214 shares changed hands on the counter till 12:35PM (IST).

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
NEW DELHI: Shares of . traded 1.53 per cent down in Wednesday's trade at 12:35PM (IST). Around 115,214 shares changed hands on the counter.

The scrip opened at Rs 222.3 and touched an intraday high and low of Rs 222.75 and Rs 219.35, respectively, in the session so far. The stock of Zee Entertainment Enterprises Ltd. quoted a 52-week high of Rs 308.65 and a 52-week low of Rs 200.5.

As per BSE, the total market cap of the Zee Entertainment Enterprises Ltd. stood at Rs 21102.61 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2046.0 crore for the quarter ended 30-Sep-2022, up 8.86 per cent from previous quarter's Rs 1879.53 crore and up 1.77 per cent from the year-ago quarter's Rs 2010.47 crore.

The net profit for latest quarter stood at Rs 112.89 crore, down 58.21 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, DIIs held 21.42 per cent stake in the firm, while foreign institutional investors held 39.18 per cent and the promoters 0.22 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 30.14 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 is the measure of the price that investors are ready to pay even for no growth in the business.

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