Zee Ent. shares up 0.93% as Nifty drops

Sensex  falls! But these  stocks rallied over 15% on BSE in today's trade

NEW DELHI: Shares of . traded 0.93 per cent up in Wednesday’s trade at 12:12PM (IST). Around 188,868 shares changed hands on the counter.

The counter opened at Rs 247.0 and touched an intraday high and low of Rs 252.0 and Rs 246.4, respectively, in the session so far. Shares of the company of Zee Entertainment Enterprises Ltd. quoted a 52-week high of Rs 378.6 and a 52-week low of Rs 176.65.

As per BSE, the total market cap of the Zee Entertainment Enterprises Ltd. stood at Rs 24061.01 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 1879.53 crore for the quarter ended 30-Jun-2022, down 20.4 per cent from previous quarter’s Rs 2361.17 crore and down 3.92 per cent from the year-ago quarter’s Rs 1808.56 crore.

The net profit for latest quarter stood at Rs 106.6 crore, down 50.13 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2022, domestic institutional investors held 21.42 per cent stake in the company, while foreign institutional investors held 39.18 per cent and the promoters 0.22 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 28.06 and a price-to-book ratio of 2.55. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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