Zee Ent. shares gain 0.24% as Sensex falls

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Pidilite Ind shares  fall  1.28% as Nifty  drops


Shares of . traded 0.24 per cent higher in Tuesday’s session at 11:21AM (IST). The stock opened at Rs 251.3 and has touched an intraday high and low of Rs 254.45 and Rs 250.1, respectively, during the session so far.

The stock quoted a 52-week high of Rs 378.6 and a 52-week low of 176.65. About 222,129 shares changed hands on the counter so far.

Benchmark Nifty50 was down 4.15 points at 17661.65, while the BSE Sensex traded 15.59 points lower at 59230.39 at the time of writing of this report.



In the Nifty pack, 20 stocks traded the day in the green, while 30 were in the red.

Key Financials

For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 1879.53 crore, down 20.4 per cent from the previous quarter’s Rs 2361.17 crore and down 3.92 per cent from the year-ago quarter. The company reported net profit of Rs 106.6 crore for the latest quarter.


Promoter Holdings

Promoters held 3.99 per cent stake in the company as of 30-Jun-2022, while FIIs held 39.18 per cent and MFs 21.42 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 269.18 on September 06, while the 50-DMA was at Rs 238.37. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.



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