Zee Ent. shares 0.0 per cent in Thursday's trading session

Shares of Zee Entertainment Enterprises Ltd. 0.0 per cent to Rs 196.5 in Thursday's trade as of 11:48AM (IST) even as the benchmark Nifty ruled at 17705.85, down 48.55 points.

The scrip had closed at Rs 196.5 in the previous session. The stock quoted a 52-week low of Rs 176.6 and a high of Rs 308.65. The company quoted a market-cap of Rs 18936.64 crore on the BSE.

On BSE, 72,358 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 44.48 times its trailing 12-month EPS of Rs 4.43 per share and 2.55 times its book value. The return on equity (ROE) stood at Rs 8.87.

Key Financials
For the quarter ended 31-Dec-2022, Zee Entertainment Enterprises Ltd. reported consolidated sales of Rs 2127.23 crore, up 0.15 per cent from the same quarter a year ago. The company reported 91.86 per cent YoY de-growth in net profit at Rs 24.32 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.