Zee Entertainment drops amid volatility after strong Q1 results

Zee Entertainment Enterprises lost 0.88% to Rs 242.05 at 13:55 IST on BSE after consolidated net profit surged 42.04% to Rs 224.64 crore on 19.73% growth in total income to Rs 1045.42 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 25 July 2013.

Meanwhile, the S&P BSE Sensex was down 198.65 points or 0.99% at 19,892.03.

On BSE, 12.30 lakh shares were traded in the counter as against average daily volume of 1.83 lakh shares in the past one quarter.

The scrip was volatile. The stock lost as much as 4.17% at the day's low of Rs 234 so far during the day. The stock rose as much as 0.73% at the day's high of Rs 246 so far during the day. The stock had hit a 52-week high of Rs 255.20 on 15 May 2013. The stock had hit a 52-week low of Rs 152.25 on 24 July 2012.

The stock had underperformed the market over the past one month till 24 July 2013, surging 5.83% compared with the Sensex's 8.36% jump. The scrip had, however, outperformed the market in the past one quarter, jumping 11.81% as against Sensex's 4.75% rise.

The large-cap media company has equity capital of Rs 95.98 crore. Face value per share is Re 1.

Zee Entertainment Enterprises is one of India's leading television media and entertainment companies.

Powered by Capital Market - Live News