The shares of Zee Entertainment Enterprises Ltd. traded 2.66% at Rs 217.75 at 1:11 p.m. (IST) on Friday, even as the Sensex BSE benchmark lost 291.97 points to 52,031.36.

The certificate had settled at Rs 223.7 during the previous session. The stock traded for a 52-week high price of Rs 261.0 and a 52-week low price of Rs 134.75, respectively. According to ESB data, the total volume traded over the counter until 1:11 p.m. (IST) stood at 328,976 shares with a turnover of Rs 7.21 crore.

At the going price, the company’s shares were trading at 26.23 times its 12-month EPS of Rs 8.33 per share and 1.27 times its book value, according to BSE data.

A higher P / E ratio shows that investors are prepared to pay a higher share price today due to growth expectations going forward.

Book value indicates the intrinsic value of a business and reflects the price investors are willing to pay even if the business does not grow. The stock’s beta value, which measures its volatility relative to the overall market, was 0.98.

Shareholder details

Promoters held 0.22% of the company’s capital as of March 31, 2021, while FIIs held 64.15% and DIIs 3.67%.

Techniques

On technical charts, the stock’s Relative Strength Index (RSI) stood at 55.5. The RSI hovers between zero and 100. Traditionally it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be. considered in isolation because it may not be enough to take a trading call, just as fundamental analysts cannot give a buy or sell recommendation using a single valuation ratio.



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