Zee Ent Share Price: Share price of Zee Ent. falls as Sensex gains 61.81 points

Share price of Zee Entertainment Enterprises Ltd. dropped 4.06 per cent to Rs 197.55 at 02:14PM (IST) in Thursday’s trade. The scrip hit a high of Rs 201.75 and low of Rs 176.6 so far during the session. The stock had closed at Rs 205.9 in the previous session.

The counter had a total traded volume of 02:14PM shares so far with a turnover of Rs 45.05 crore on BSE. The stock traded at a price-to-earnings multiple of 45.12 and a price-to-book ratio of 2.55.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding

Promoters held 3.99 per cent stake in the company as of 31-Dec-2022, while FIIs and domestic institutional investors ownership stood at 37.33 per cent and 37.33 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 2127.23 crore for the quarter ended 31-Dec-2022, up 3.97 per cent from the previous quarter’s Rs 2046.0 crore and up 0.15 per cent from the year-ago quarter’s Rs 2130.44 crore.

Its profit for the latest quarter stood at Rs 24.32 crore, down 91.86 per cent from the same quarter a year ago.