Shares of Zee Ent. rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 232.1.
Shares of gained 0.9 per cent to Rs 162.05 in Monday's trade as of 10:40AM (IST). It hit a high of Rs 164.35 and low of Rs 161.0 during the session.The stock quoted a 52-week high price of Rs 299.5 and a low of Rs 150.0. The return on equity for the stock stood at 0.44 per cent. About 241,754 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.98.
The scrip has been an underperformer, down 16.32 per cent in the past one year in comparison with a 24.42 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 150.0 on March 11, while the 50-DMA was at Rs 200.88. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 0.22 per cent stake in as of 31-Dec-2023. Mutual funds and foreign institutional investors held 32.49 per cent and 28.19 per cent stake.
Source: Stocks-Markets-Economic Times
