Zee Ent share price: Zee Ent. stocks fall 1.2% as Sensex rises

The shares of Zee Entertainment Enterprises Ltd. traded down 1.2% to Rs 344.8 at 2:10 p.m. (IST) on Wednesday, even as the BSE benchmark Sensex gained 282.95 points to 56,601.96.

The stock had closed at Rs 349.0 in the previous session. The stock listed a 52-week high price of Rs 378.6 and a 52-week low price of Rs 166.8, respectively. According to ESB data, the total volume traded over the counter until 2:10 p.m. (IST) stood at 3,131,477 shares with a turnover of Rs 108.09 crore.

At the current price, the stock has traded at 28.5 times its 12-month rolling earnings per share of Rs 12.07 per share and 1.93 times its price over book value, according to data from the stock market.

A higher P / E ratio shows that investors are prepared to pay a higher share price today due to growth expectations going forward.

Book value indicates the intrinsic value of a business and reflects the price investors are willing to pay even when the business does not grow. The stock’s beta value, which measures its volatility relative to the overall market, was 0.98.

Shareholder details

Promoters held 0.22 percent of the company’s share capital as of September 30, 2021, while FIIs held 57.18 percent and DIIs 7.26 percent.

Techniques

On technical charts, the stock’s Relative Strength Index (RSI) stood at 50.99. The RSI hovers between zero and 100. Traditionally it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be. considered in isolation because it may not be enough to take a trading call, just as fundamental analysts cannot give a buy or sell recommendation using a single valuation ratio.

Eleanor C. William