The scrip opened at Rs 206.0 and touched an intraday high and low of Rs 206.0 and Rs 198.3, respectively, in the session so far. Shares of the company of Zee Entertainment Enterprises Ltd. quoted a 52-week high of Rs 308.65 and a 52-week low of Rs 176.6.
As per BSE, the total market cap of the Zee Entertainment Enterprises Ltd. stood at Rs 19402.49 crore at the time of writing this report.
The company reported consolidated net sales of Rs 2127.23 crore for the quarter ended 31-Dec-2022, up 3.97 per cent from previous quarter’s Rs 2046.0 crore and up 0.15 per cent from the year-ago quarter’s Rs 2130.44 crore.
The net profit for latest quarter stood at Rs 24.32 crore, down 91.86 per cent from the corresponding quarter last year.
As of 31-Dec-2022, DIIs held 26.84 per cent stake in the firm, while foreign institutional investors held 37.33 per cent and the promoters 0.22 per cent.
According to BSE data, the stock traded at a price-to-earnings multiple of 45.57 and a price-to-book ratio of 2.55. 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.
Zee Entertainment Enterprises Ltd. belongs to the TV Broadcasting & Software Production industry.