Zee Ent. shares fall 3.58 per cent in Wednesday's trading session
The Relative Strength Index of the stock stood at 35.75 on Wednesday.
Shares of fell 3.58 per cent to Rs 150.8 in Wednesday's trade as of 11:32AM (IST) even as the benchmark ruled at 22151.2, down 184.5 points.The scrip had closed at Rs 156.4 in the previous session. The stock quoted a 52-week low of Rs 150.0 and a high of Rs 299.5. The company quoted a market-cap of Rs 14494.24 crore on the .
On BSE, 887,984 shares have changed hands on the counter so far. At its prevailing price, the stock traded at -213.31 times its trailing 12-month EPS of Rs -0.71 per share and 1.9 times its book value. The return on equity (ROE) stood at Rs 0.44.
Key Financials
For the quarter ended 31-Dec-2023, reported consolidated sales of Rs 2073.36 crore, down 2.53 per cent from the same quarter a year ago. The company reported 140.71 per cent YoY growth in net profit at Rs 58.54 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
