Zee Ent shares jump nearly 6 pc as Q4 net grows 6-fold

Shares of Zee Entertainment Enterprises Ltd (ZEEL) today surged nearly 6 per cent after the company reported an over six-fold jump in consolidated net profit for the fourth quarter ended March.
The stock climbed 5.68 per cent to end at Rs 545.35 on BSE. During the day, it surged 6.55 per cent to Rs 549.90.
On NSE, shares of the company soared 5.53 per cent to close at Rs 544.75.
On the volume front, 4.62 lakh shares of the company were traded on BSE and over 76 lakh shares changed hands on NSE during the day.
ZEEL yesterday reported an over six-fold jump in consolidated net profit at Rs 1,514 crore for the fourth quarter to March, aided by the sale of its sports business.

It had registered a net profit of Rs 226.52 crore in January-March a year ago, ZEEL said in a BSE filing.
Total income during the quarter under review was at Rs 1,582.89 crore, up 1.50 per cent, as against Rs 1,559.38 crore a year earlier.