Zee Ent. rises 2.85% as Sensex climbs

Shares of Zee Entertainment Enterprises Ltd. traded at Rs 262.85 on BSE at 10:10AM (IST) on Wednesday, up 2.85 per cent from previous close.

The scrip quoted a 52-week low price of Rs 172.25 and a high of Rs 290.5.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 376,925 lakh shares changed hands on the counter till 10:10AM (IST).

The stock of Zee Entertainment Enterprises Ltd. commanded a market value of Rs 25175.21 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of -224.3, 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.

In the BSE500 pack, 284 stocks traded in the green, while 217 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 30-Jun-2023 while foreign portfolio investors and domestic institutional investors owned 33.4 per cent and 30.0 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 221.6 on October 18, while the 50-DMA was at 265.46. 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.