The shares of Zee Entertainment Enterprises Ltd. rose 0.93% to 287.5 rupees at 1:13 p.m. (IST) on Friday. Earlier in the day, the stock saw a gap in early trading.

According to available BSE data, the total amount traded over the counter stood at 767,294 shares with a turnover of Rs 21.88 crore as of 1:13 p.m. (IST). The stock traded at a price-to-earnings (P/E) multiple of 26.06, while the price-to-book ratio stood at 1.93.

The return on equity (ROE) was 7.92%, according to data from the exchange. The stock hit an intraday high of Rs 289.8 and a low of Rs 283.0 during the session and quoted a 52-week high of Rs 378.6 and a 52-week low of Rs 166, 8.

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

Technical indicators

The 200-DMA (daily moving average) of the stock stood at Rs 270.12 on 08 April, while the 50-DMA was at Rs 265.76. 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 to be in a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the stock can go either way.

The relative strength index (RSI) of stood at 55.42. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Promoter holder

As of December 31, 2021, promoters held 3.99% of the company’s capital, while foreign investors held 52.21% and domestic institutional investors 20.86%.