The share price of Zee Entertainment Enterprises Ltd. gained 0.51% to Rs 254.75 at 10:25AM (IST) in Wednesday’s trade. The scrip hit a high of Rs 257.4 and low of Rs 245.2 so far during the session. The stock had closed at Rs 253.45 in the previous session.
The counter had a total traded volume of 10:25AM shares so far with a turnover of Rs 18.19 crore on BSE. The stock traded at a price-to-earnings multiple of -247.02 and a price-to-book ratio of 1.9.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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.
Promoters held 3.99% stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 28.19% and 43.41%, respectively.
The firm reported consolidated sales of Rs 2509.57 crore for the quarter ended 30-Sep-2023, up 25.59% from the previous quarter’s Rs 1998.26 crore and up 22.66% from the year-ago quarter’s Rs 2046.0 crore.
Its profit for the latest quarter stood at Rs 122.96 crore, up 8.92% from the same quarter a year ago.
