Zee Ent. stock price up 1.53 per cent as Sensex slides

Shares of Zee Entertainment Enterprises Ltd. rose 1.53 per cent to Rs 263.8 at 01:23PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 523,992 shares with a turnover of Rs 13.65 crore till 01:23PM (IST). The stock traded at a price-to-earnings (P/E) multiple of -226.27, 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 266.0 and a low of Rs 255.95 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 223.31 on November 09, while the 50-DMA was at Rs 263.15. 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 52.81. 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-Sep-2023, promoters held 3.99 per cent stake in the company, while overseas investors held 35.0 per cent and domestic institutional investors had 42.07 per cent.