Banking and finance

Shares of Zee Ent. fall as Nifty gains

Shares of Zee Leisure Enterprises Ltd. slipped 1.09 per cent to Rs 313.8 in Thursday’s commerce as of 12:03PM (IST). It hit a excessive of Rs 320.95 and low of Rs 311.5 in the course of the session.

The inventory quoted a 52-week excessive value of Rs 362.85 and a low of Rs 166.8. The return on fairness for the inventory stood at 7.92 per cent. About 1,440,580 shares have modified arms on the counter to this point.

The inventory’s beta worth, which measures its volatility in relation to the broader market, stood at 0.98.

The scrip has been an outperformer, up 68.92 per cent prior to now one yr as compared with a 50.62 per cent acquire in Sensex.

Technicals

On the technical charts, the 200-day shifting common (DMA) of the inventory stood at Rs 166.8 on October 14, whereas the 50-DMA was at Rs 232.46. If a inventory trades properly above 50-DMA and 200-DMA, it often means the rapid pattern is upward. Alternatively, if the inventory trades properly beneath 50-DMA and 200-DMA each, it’s thought-about a bearish pattern and if trades between these averages, then it suggests the inventory can go both means.

Promoter/FII Holding

Promoters held 0.22 per cent stake in Zee Leisure Enterprises Ltd. as of 30-Sep-2021. Mutual funds and overseas institutional traders held 7.26 per cent and 57.18 per cent stake.


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