Shares of Zee Ent. fall as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 197.61.
Shares of slipped 1.24 per cent to Rs 158.05 in Tuesday's trade as of 11:47AM (IST). It hit a high of Rs 163.9 and low of Rs 157.9 during the session.The stock quoted a 52-week high price of Rs 299.5 and a low of Rs 126.15. The return on equity for the stock stood at 1.3 per cent. About 529,139 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 18.49 per cent in the past one year in comparison with a 29.07 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 126.15 on July 16, while the 50-DMA was at Rs 149.45. 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 30-Jun-2024. Mutual funds and foreign institutional investors held 15.72 per cent and 18.91 per cent stake.
Source: Stocks-Markets-Economic Times
