Zee Entertainment Enterprises Ltd shares drop by 3%

Shares of Zee Entertainment Enterprises Ltd dropped by 3.0% to Rs 218.1 in the trade on 18th January 2021 at 12:21 PM (IST).

During this session, the stock touched a high price of Rs 228.8 and low of Rs 214.5.

The return of equity (ROE) for the stock was 5.63%. Traded volume on the counter stood at 12:41 PM and shares and turnover at Rs 6.13 crore around that time.

The stock of Zee Entertainment Enterprises Ltd cited a 52-week high and 52-week low prices of Rs 303.95 and Rs 114.0, respectively.

The beta value of the corner, which measures its volatility in relation to the broader market, settled at 0.98.

The company reported consolidated sales of Rs 1722.2 crore for the quarter ended 30th September 2020, which was up 31.3% from previous quarter’s Rs 1312.03 crore and up 18.82% from the year-ago period’s quarter Rs 2122.01 crore.

Net profit after tax for the latest quarter was Rs 94.07 crore, down 77.24%.

A source said that the company experienced a QoQ revenue growth of 31.54%, which is highest in the last 3 years.

Promoters held 0.25% stake in the company as of 31st December 2020, while overseas investors held 65.76% and domestic institutional investors had 3.93%.

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