Zee Ent. shares down 0.99% as Nifty gains

Shares of Zee Entertainment Enterprises Ltd. rose 0.99 per cent to Rs 190.5 in Wednesday's trade. It hit an intraday high of Rs 193.9 and low of Rs 189.7, respectively, during the day.

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

As of 01:38PM (IST), the counter saw total traded volume of 97,000 shares with a traded value of Rs 1.86 crore, according to NSE.

The stock had closed at Rs 192.4 in the previous session.

The scrip has declined -11.15 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -4.85 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 42.89 while price-to-book ratio stood at 2.55. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the TV Broadcasting & Software Production industry.

Promoter/FII Holding
Promoters held 0.22 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership in the firm stood at 37.33 per cent and 26.84 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 2127.23 crore for the quarter ended 31-Dec-2022, up 3.97 per cent from the previous quarter's Rs 2046.0 crore and up 0.15 per cent from the year-ago quarter's Rs 2130.44 crore. Its net profit for the latest quarter stood at Rs 24.32 crore, down 91.86 per cent from the same quarter a year ago.