Share price of Zee Ent. falls as Sensex gains 97.47 points

Share price of Zee Entertainment Enterprises Ltd. dropped 0.75 per cent to Rs 211.95 at 12:45PM (IST) in Wednesday's trade. The counter hit a high of Rs 215.15 and low of Rs 211.2 so far during the session. The stock had closed at Rs 213.55 in the previous session.

The counter had a total traded volume of 12:45PM shares so far with a turnover of Rs 1.45 crore on BSE. The stock traded at a price-to-earnings multiple of 47.84 and a price-to-book ratio of 2.55.

A higher P/E ratio shows 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 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.

Promotor/FII Holding
Promoters held 3.99 per cent stake in the company as of 31-Dec-2022, while overseas investors and domestic institutional investors ownership stood at 37.33 per cent and 37.33 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 profit for the latest quarter stood at Rs 24.32 crore, down 91.86 per cent from the same quarter a year ago.