Zee Entertainment Shares Fall as Nifty Drops

Zee Entertainment Shares Fall as Nifty Drops

Shares of Zee Entertainment Enterprises Ltd. traded 2.86% down at Rs 255.85 on Wednesday, while the benchmark BSE Sensex declined 584.94 points to 64927.16. The stock has a 52-week high price of Rs 290.5 and a 52-week low price of Rs 172.25. The 200-day moving average (DMA) of the stock stood at Rs 221.05, and the 50-DMA was at Rs 260.66. The stock is considered to have an upward trend if it trades above both the 50-DMA and 200-DMA, while a bearish trend is indicated if it trades below both DMAs. Shares of Zee Entertainment Enterprises Ltd. have advanced 4.36% in the past year, compared to the 14.72% rise in Sensex during the same period. According to BSE data, the stock trades at a price-to-earnings (P/E) multiple of -219.12 and a price-to-book (P/B) ratio of 1.9. A higher P/E ratio indicates higher investor confidence in future growth, while the P/B ratio reflects the inherent value of the company. The stock belongs to the TV Broadcasting & Software Production industry.

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