Zee Entertainment hits 52-week high on good Q1 numbers

Zee Entertainment Enterprises rose 3.14% to Rs 489.45 at 09:18am on the Bombay Stock Exchange (BSE), after its consolidated net profit rose 21.76% to Rs 216.96 crore on 14.74% increase in total income to Rs 1531.80 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Tuesday.

Meanwhile, the BSE Sensex was up 98.54 points, or 0.35%, to 28,075.06

On BSE, so far 59,403 shares were traded in the counter, compared with an average volume of 1.10 lakh shares in the past one quarter. The stock hit a high of Rs 493.65 in intraday trade so far, which is 52-week high for the counter. It hit a low of Rs 485 so far during the day. 

Commenting on the results, Subhash Chandra, Chairman, Zee Entertainment Enterprises said that the advertising and subscription revenues continue to drive the company's growth. Zee Entertainment Enterprises is one of India's leading television media and entertainment companies.

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