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Zee Entertainment stocks slide by 4.49 percent

By SiliconIndia   |   Monday, July 27, 2009   |    1 Comments
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Bangalore: Zee Entertainment (ZEEL) ended the trading as one of the top losers of the day with a loss of Rs. 8.25 (4.49 percent). Zee opened today on Sensex with a gain of one point to its previous close, however the initial gain of the stock could not sustain throughout the day. Zee ended the trading on Rs.175.65. The stock of Zee touched an intra-day high of Rs.185.85 in the morning trade and touched a low of Rs.174 before the trading closed. In total, 439,288 shares of Zee were traded through the day. The P/E ratio of the stock is 30.98. The stock has touched a 52 week high of Rs.239 and a low of Rs.88.10. With 4,685,278 of shares, Reliance Equity Fund - Retail Plan is the largest holder in Zee Entertainment. Zee Entertainment is an integrated media and entertainment company engaged primarily in broadcasting and content development, production and its delivery via satellite. The Company has 15 channels that serve an array of content choices in India. Apart from its principal channel Zee TV, the Company has a presence across different segments in Indian broadcasting space. Zee Entertainment has posted a net profit after tax of Rs.712.70 million for the quarter ended June 30, 2009 as compared to Rs.1309.70 million for the quarter ended June 30, 2008. Total Income has decreased from Rs.3593.40 million for the quarter ended June 30, 2008 to Rs.2666.50 million for the quarter ended June 30, 2009. The 52 week stock price chart is on the left. Out of 22 stock analysts currently following Zee Entertainment, consensus recommendation is hold. Eight analysts recommend to hold the stock, while five rate the stock as an underperformer. Other entertainment companies have ended the day on mixed node. Mid-Day Multimedia gained by 2.05 percent, Zee News went up by 1.46 percent and Sowbhagya Media ended the trading without any change in its previous close.
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Reader's comments(1)
1: Media companies are going through the worst phase as they are not getting ads as they used to few months ago.
Posted by:kraun - 27 Jul, 2009
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