Zee Ent. shares gain 0.99% as Sensex rises
The stock quoted a 52-week high of Rs 299.5 and a 52-week low of Rs 126.15.
Shares of traded 0.99 per cent higher in Tuesday's session at 11:01AM (IST). The stock opened at Rs 151.5 and has touched an intraday high and low of Rs 152.95 and Rs 151.05, respectively, during the session so far.The stock quoted a 52-week high of Rs 299.5 and a 52-week low of 126.15. About 350,421 shares changed hands on the counter so far.
Benchmark Nifty50 was up 56.3 points at 24376.85, while the BSE traded 250.74 points higher at 80211.12 at the time of writing of this report.
In the pack, 28 stocks traded the day in the green, while 22 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 2185.29 crore, up 5.4 per cent from the previous quarter's Rs 2073.36 crore and up 2.77 per cent from the year-ago quarter. The company reported net profit of Rs 13.35 crore for the latest quarter.
Promoter Holdings
Promoters held 3.99 per cent stake in the company as of 31-Mar-2024, while FIIs held 19.18 per cent and MFs 28.46 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 200.42 on July 09, while the 50-DMA was at Rs 148.53. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
