Zee Ent Share Price: Zee Ent. shares down 2.79% as Nifty gains

NEW DELHI: Shares of Zee Entertainment Enterprises Ltd. traded 2.79 per cent down in Monday’s trade at 02:07PM (IST). Around 449,185 shares changed hands on the counter.

The scrip opened at Rs 297.15 and touched an intraday high and low of Rs 297.15 and Rs 285.45, respectively, in the session so far. The stock of Zee Entertainment Enterprises Ltd. quoted a 52-week high of Rs 362.85 and a 52-week low of Rs 166.8.

Total market cap of the Zee Entertainment Enterprises Ltd. stood at Rs 27461.14 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 1808.56 crore for the quarter ended 30-Jun-2021, down 8.86 per cent from previous quarter’s Rs 1984.39 crore and down 35.13 per cent from the year-ago quarter’s Rs 1338.41 crore.

The net profit for latest quarter stood at Rs 213.74 crore, up 603.79 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2021, DIIs held 8.1 per cent stake in the firm, while foreign institutional investors held 57.46 per cent and the promoters 3.99 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 27.92 and a price-to-book ratio of 1.93. 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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