Zee Ent. stock price down 0.16 per cent as Sensex climbs

Shares of Zee Entertainment Enterprises Ltd. fell 0.16 per cent to Rs 272.3 at 02:05PM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 224,513 shares with a turnover of Rs 607.0 crore till 02:05PM (IST). The stock traded at a price-to-earnings (P/E) multiple of -233.03, while the price-to-book value ratio stood at 1.9.

Return on equity (ROE) was at 0.44 per cent, according to exchange data. The stock hit an intraday high of Rs 273.05 and a low of Rs 267.7 during the session and quoted a 52-week high price of Rs 290.5 and a 52-week low of Rs 172.25.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 221.12 on September 15, while the 50-DMA was at Rs 249.79. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 56.32. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2023, promoters held 3.99 per cent stake in the company, while foreign institutional investors held 33.4 per cent and domestic institutional investors had 40.61 per cent.