Zee Ent. shares down 2.77% as Nifty drops
A total of 3,584,706 shares changed hands on the counter till 12:52PM (IST).
NEW DELHI: Shares of traded 2.77 per cent down in Thursday's trade at 12:52PM (IST). Around 3,584,706 shares changed hands on the counter.The scrip opened at Rs 163.0 and touched an intraday high and low of Rs 164.7 and Rs 154.7, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 299.5 and a 52-week low of Rs 152.5.
As per , the total market cap of the . stood at Rs 15123.38 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 2073.36 crore for the quarter ended 31-Dec-2023, down 17.38 per cent from previous quarter's Rs 2509.57 crore and down 2.53 per cent from the year-ago quarter's Rs 2127.23 crore.
The net profit for latest quarter stood at Rs 58.54 crore, up 140.71 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs held 32.49 per cent stake in the company, while foreign institutional investors held 28.19 per cent and the promoters 0.22 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -222.57 and a price-to-book ratio of 1.9. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the TV Broadcasting & Software Production industry.
Source: Stocks-Markets-Economic Times