The shares of Zee Entertainment Enterprises Ltd. slipped 1.63% to Rs 304.75 in Thursday trading at 2:12 p.m. (IST). The stock reached a high price of Rs 309.5 and a low of Rs 300.05 during the session.

The stock’s return on equity (ROE) was 7.92 percent. The volume traded over the counter stood at 2:12 p.m. and turnover at Rs 27.53 crore at that time. The shares of Zee Entertainment Enterprises Ltd. quoted a 52-week high price of Rs 362.85 and a 52-week low price of Rs 166.8, respectively.

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

Promoter / FII Holding

Promoters held 0.22 percent of the company’s capital as of June 30, 2021, while foreign investors held 57.46 percent and domestic institutional investors 8.1 percent.

Key financial data

The company reported consolidated sales of Rs 1,808.56 crore for the quarter ended June 30, 2021, down 8.86% from Rs 1984.39 crore in the previous quarter and down 35.13% from compared to Rs 1,338.41 crore for the quarter of the previous year. Net profit after tax for the last quarter stood at Rs 213.74 crore, up 603.79% from the same quarter a year ago.

The MACD signaled a bullish bias on the meter. The MACD is known to signal trend reversals in the securities or indices being traded.

This is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called a signal line, is plotted above the MACD to reflect opportunities to “buy” or “sell”. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may experience a downward movement and vice versa.


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