Zee Entertainment drops after a block deal

Zee Entertainment Enterprises lost 3.43% to Rs 257.45 at 13:04 IST after a block deal of 2 lakh shares was executed on BSE at Rs 260.70 per share at 10:30 IST.

The block deal constitutes 0.02% of Zee Entertainment Enterprises' equity.

Meanwhile, the S&P BSE Sensex was down 325.58 points or 1.58% at 20,309.55.

On BSE, 5.72 lakh shares were traded in the counter as against average daily volume of 1 lakh shares in the past two weeks.

The stock hit a high of Rs 266.45 and a low of Rs 256.85 so far during the day.

Zee Entertainment Enterprises' consolidated net profit rose 25.9% to Rs 236.27 crore on 15.5% growth in net sales to Rs 1101.28 crore in Q2 September 2013 over Q2 September 2012.

Zee is one of India's leading television, media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world, with an extensive library housing over 100,000 hours of television content. With rights to more than 3,000 movie titles, Zee houses the world's largest Hindi film library.

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