Zee Entertainment Enterprises Ltd. share price down 0.66 per cent


Shares of Enterprises Ltd. traded 0.66 per cent up at Rs 211.1 at around 01:14PM (IST) on Monday. The stock had closed at Rs 212.5 in the previous session. Equity benchmark Sensex traded 603.82 points higher at 52148.12 around the same time.

The scrip has declined 11.56 per cent in the last one year till date, while the 30-share index has gained 31.24 per cent during the same period.

The stock’s 52-week high price stood at Rs 261.0 and the 52-week low price at Rs 114.0.

Trading volume on the counter stood at 308,066 shares, while it quoted a price-to-earnings ratio of -83.93, an EPS value of -2.52 and a price-to-book value of 1.27. In the Nifty50 pack, 32 stocks traded in the green, while 18 stocks were in the red.

Promoter/FII Holding
Promoters held 0.25 per cent stake in the company as of 31-Dec-2020, while overseas investor and mutual funds’ ownership stood at 65.76 per cent and 3.93 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 2756.93 crore, up 56.59 per cent from the previous quarter’s Rs 1760.61 crore and up 30.07 per cent from the year-ago quarter’s Rs 2119.6 crore. The company reported net profit of Rs 399.91 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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