Zee Media Corporation lost 4.14% to Rs 24.30 at 14:42 IST on BSE after the company reported consolidated net profit of Rs 0.10 crore in Q1 June 2016 compared with net loss of Rs 6.40 crore in Q1 June 2015.
The result was announced after market hours on Friday, 9 September 2016.Meanwhile, the S&P BSE Sensex was down 478.20 points or 1.66% at 28,319.05.
On BSE, so far 3.20 lakh shares were traded in the counter as against average daily volume of 4.01 lakh shares in the past one quarter. The stock hit a high of Rs 25.20 and a low of Rs 23.60 so far during the day. The stock had hit a 52-week low of Rs 16.40 on 29 September 2015. The stock had hit a 52-week high of Rs 28.45 on 17 June 2016. The stock had outperformed the market over the past one month till 9 September 2016, gaining 6.07% compared with Sensex's 2.54% gain. The scrip had also outperformed the market in past one quarter, advancing 9.98% as against Sensex's 7.6% gain.
The small-cap company has equity capital of Rs 47.08 crore. Face value per share is Rs 1.
Zee Media Corporation's net sales declined 5.6% to Rs 127.03 crore in Q1 June 2016 over Q1 June 2015.
Zee Media Corporation operates in the media industry. The company's programming covers all genres, such as news, social service programming, entertainment and sports.
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