Zee Entertainment Shares Fall as Sensex Surges


Shares of Zee Entertainment Enterprises Ltd. traded 0.16 per cent lower at 11:38AM (IST) on Wednesday, even as the BSE benchmark Sensex gained 370.56 points to 59477.0. While the stock had settled at Rs 213.75 in the previous session, it currently quoted a 52-week high and low of Rs 308.65 and Rs 176.6, respectively. During this time, a total of 34,224 shares had changed hands on the counter with a turnover worth Rs 0.73 crore.

At the current trading price, Zee Entertainment Enterprises Ltd.’s shares have a Price-Earnings (P/E) ratio of 48.22, determined by the ratio of its share price to the trailing 12-month earnings per share (EPS) of Rs 4.43. A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. It also trades at a Price to Book value (P/BV) ratio of 2.55, indicating what investors are ready to pay for no expected growth in the business. The Beta value, which measures stock volatility in relation to the broader market, of the stock, stands at 0.98.

Shareholding is divided among the promoters at 3.99%, while 34.32% and 37.33% are held by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) respectively, as of 31-Dec-2022.

Zee Entertainment Enterprises Ltd., is one of India’s leading entertainment companies, with a presence in over 159 countries across the globe. Founded in 1992 and owned by the Essel Group, the media conglomerate is committed to creating quality content for it’s viewers. With its broad library of television shows, films and digital content, the company is renowned for bringing groundbreaking stories to its wide viewership.

The mind behind Zee Entertainment Enterprises Ltd., is Subhash Chandra, a media magnate, entrepreneur and founder of Essel Group. He is credited with transforming the media landscape of India, through his leadership and vision in launching India’s first satellite television channel, Zee TV. His business acumen and dedication to providing quality content and entertainment continues to drive the success of the company today.