Zee Ent. declines 6.39% as Sensex slides

Shares of Zee Entertainment Enterprises Ltd. traded at Rs 183.1 on BSE at 02:14PM (IST) on Monday, down 6.39 per cent from previous close.

The stock quoted a 52-week low price of Rs 176.6 and a high of Rs 308.65.

Earlier, the stock saw a gap down opening in the morning.

A total of 607,942 lakh shares changed hands on the counter till 02:14PM (IST).

The stock of Zee Entertainment Enterprises Ltd. commanded a market value of Rs 17606.32 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 41.35, while the price-to-book value ratio stood at 2.55. Return on equity (ROE) was at 8.87 per cent, according to exchange data.

In the BSE500 pack, 99 stocks traded in the green, while 402 stocks were in the red.

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

Promotor/FII Holding
Promoters held 0.22 per cent in Zee Entertainment Enterprises Ltd. as of 31-Dec-2022 while foreign portfolio investors and domestic institutional investors owned 37.33 per cent and 26.84 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 243.59 on February 27, while the 50-DMA was at 226.28. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.