Zee Media Corporation Ltd. (NSE: ZEEMEDIA) witnessed a strong rally, with its shares surging 10% and hitting a 52-week high of ₹25.10. Over the past month, the stock has gained an impressive 72%, bringing its annual return to 76%.
Despite this significant upward movement, Zee Media’s price-to-sales (P/S) ratio of 2.1x remains close to the median of India’s media industry, which stands at around 2.3x. This suggests that while the stock’s current price may not appear overvalued, its valuation in comparison to industry peers could indicate either an untapped opportunity or a potential risk if growth expectations are not met.
Key Stock Indicators:
- 52-Week High: ₹25.10
- 52-Week Low: ₹10.00
- P/B Ratio: 4.64
- ROE: -8.27%
- ROCE: -2.28%
- Debt/Equity Ratio: 0.37
- EPS: -0.72
Zee Media Corporation Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Mon, Sep 30 2024
|
₹22.55
|
₹22.82
|
|
|
Fri, Sep 27 2024
|
₹20.40
|
₹20.75
|
|
|
Thu, Sep 26 2024
|
₹16.30
|
₹18.87
|
|
|
Wed, Sep 25 2024
|
₹15.40
|
₹15.73
|
|
|
Tue, Sep 24 2024
|
₹14.10
|
₹13.97
|
-0.85%
|
|
Mon, Sep 23 2024
|
₹13.01
|
₹14.09
|
|
|
Fri, Sep 20 2024
|
₹13.00
|
₹13.01
|
|
|
Thu, Sep 19 2024
|
₹12.66
|
₹12.97
|
|
About Zee Media Corporation
Zee Media is one of India’s largest and most diversified broadcasting companies, operating various regional, national, and global news channels. Additionally, it has a notable presence in digital publishing. Founded by Essel Group, the company was initially incorporated as Zee Sports Limited in 1999 and later renamed Zee News Limited in 2004. Following a demerger from Essel Group in 2006, it emerged as an independent entity.
