ZEEL Share Price: The stock traded higher than the 5-day, 10-, 20-, 30-, 50-day and 100-day simple moving average (SMA), but lower than the 150-day and 200-day SMA.
Shares of Zee Entertainment Enterprises Ltd (ZEEL) rose 14.26 per cent to hit the day’s high of Rs 154.65 in Tuesday’s trade. Today’s sharp rise in share price came after the media firm settled its merger closing disputes with Sony Pictures.
“ZEEL, Culver Max Entertainment Pvt. Ltd., steering as Sony Pictures Networks India, together with its group company Bangla Entertainment Pvt. Ltd. have reached a comprehensive non-cash agreement, relating to “All disputes have been resolved amicably following the merger cooperation agreement and the overall scheme of arrangement,” it said in a release.
High trading volume was seen on the counter today as around 55.71 lakh shares were last seen changing hands. The figure was higher than the two-week average volume of 5.87 lakh shares. Turnover on the stock stood at Rs 82.40 crore, with its market capitalization (m-cap) at Rs 14,470.23 crore.
The stock traded higher than the 5-day, 10-, 20-, 30-, 50-day and 100-day simple moving averages (SMA), but lower than the 150-day and 200-day SMA. The stock’s 14-day Relative Strength Index (RSI) came in at 62.74. Levels below 30 are defined as oversold while values above 70 are considered overbought.
According to BSE, the price-to-equity (P/E) ratio of the company’s stock is 30.36 while the price-to-book (P/B) value is 1.30. Earnings per share (EPS) stood at 4.46 and return on equity (ROE) stood at 4.28.
As of June 2024, promoters held 3.99 per cent stake in the firm.
