Zee Ent Share Price: Zee Ent. shares fall 4.87 per cent in Thursday’s trading session

Shares of . fell 4.87 per cent to Rs 244.4 in Thursday’s trade as of 02:05PM (IST) even as the benchmark Nifty ruled at 17488.4, down 270.9 points.

The scrip had closed at Rs 256.9 in the previous session. The stock quoted a 52-week low of Rs 170.6 and a high of Rs 378.6. The company quoted a market-cap of Rs 24675.74 crore on the BSE.

On BSE, 837,570 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 28.78 times its trailing 12-month EPS of Rs 8.93 per share and 2.55 times its book value. The return on equity (ROE) stood at Rs 8.87.

Smart Talk

Key Financials

For the quarter ended 30-Jun-2022, Zee Entertainment Enterprises Ltd. reported consolidated sales of Rs 1879.53 crore, down 3.92 per cent from the same quarter a year ago. The company reported 50.13 per cent YoY de-growth in net profit at Rs 106.6 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Thursday. 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.

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