Zee Entertainment Enterprises gains after announcing Q2 results

Zee Entertainment Enterprises rose 4.2% to Rs 326 at 14:55 IST on BSE after the company's consolidated net profit fell 3.69% to Rs 227.55 crore on 1.19% rise in total income to Rs 1170.03 crore in Q2 September 2014 over Q2 September 2013.

The company announced Q2 results during market hours today, 17 October 2014.

Meanwhile, the BSE Sensex was up 199.20 points or 0.77% at 26,194.13.

On BSE, so far 3.09 lakh shares were traded in the counter, compared with an average volume of 2.15 lakh shares in the past one quarter.

The stock hit a high of Rs 331.20, also a 52-week high for the stock. The stock hit a low of Rs 311 so far during the day. The stock hit a 52-week low of Rs 242.65 on 17 October 2013.

The stock had outperformed the market over the past one month till 16 October 2014, rising 9.83% compared with 1.86% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 4.2% as against Sensex's 1.76% rise.

The large-cap company has an equity capital of Rs 96.04 crore. Face value per share is Re 1.

In consolidated financial, due to change in arrangement with various operators across territories, subscription revenue for the current period is accounted net of Subscription Management Service cost. This change has no impact on the profits for the quarter and half year ended 30 September 2014. Accordingly previous periods figures are not comparable with that of current period.

Zee Entertainment Enterprises (ZEEL) 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 1.2 lac+ hours of television content. With rights to more than 3,500 movie titles from foremost studios and of iconic film stars, ZEEL houses the world's largest Hindi film library.

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