Zee Entertainment Enterprises is mainly in the following businesses:
Broadcasting of Satellite Television Channels, Space Selling agent for other satellite
television channels, and Sale of Media Content i.e. programs / film rights /
feeds /music rights
Technical View: The stock is near to breakout on daily chart, Structure look
positive , RSI and MACD is supporting trend, Classical Cup & handle structure we
can expect breakout in near term. Stock is trading above 21 EMA.
Volume analysis:- One month averaged delivery volume increase by 6.99% and one
day delivery volume increase by 45 % over 5 day average despite, which show stock
is building up positive momentum, Hence; we recommend “BUY’ signal for the
target of 360,380 With Stop loss below 340.
Moving Averages :-Zee Entertainment Enterprises Ltd. is trading higher than 5
day, 20 day, 50 day, 100 day and 200 day moving averages
5 Day 334.97 50 Day 311.60 200 Day 230.22
20 Day 321.04 100 Day 254.03
Date6/12/2021
Shareholding pattern:-
Promoters holding 0.22%, No change in pledge shares and promoters holdings.
Key Statistics
P/E Ratio
20.17
1-Yr Return
-20.44
(Best) P/E Ratio
0.00
30 DA Vol (m)
0.46
(Best) PEG Ratio
8.53
EPS (Rs.)
8.33
Shares Outstanding (cr)
960.52
Best EPS Curr (Rs.)
13.72
Price/Book Ratio
1.60
Dividend
1.49
Price/Sales Ratio
2.09
Last Dividend
2.50