The shares of Zee Entertainment Enterprises Ltd. fell 1.72% to Rs 182.4 as of 1:37 p.m. (IST) on Monday. Earlier today, the title saw a gap early in the session.

According to the available data on BSE, the total quantity traded over the counter was 232,165 shares with a turnover of Rs 4.24 crore until 1:37 p.m. (IST). The stock traded at a price / earnings (P / E) multiple of -73.56, while the price-to-book ratio stood at 1.27.

The return on equity (ROE) was 5.63 percent, according to exchange data. The stock hit an intraday high of Rs 187.8 and a low of Rs 181.15 during the session and cited a 52-week high of Rs 261.0 and a 52-week low of Rs 134, 75.

The stock’s beta value, which measures its volatility relative to the overall market, stood at 0.98.

Technical indicators

The 200-DMA (Daily Moving Average) of the stock stood at Rs 199.86 on May 3, while the 50-DMA was at Rs 203.81. If a stock is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the action can go either way.

The Relative Strength Index (RSI) of stood at 38.01. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the value of the RSI is above 70 and oversold when it is below 30.

Promoter’s outfit

As of March 31, 2021, promoters held 3.99% of the company’s capital, while FIIs held 64.15% and domestic institutional investors 12.4%.

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