Business Standard

How to trade Zee Entertainment as NCLT places it under insolvency process

Death Cross on the Zee Entertainment may push stock in the bear grip

ZEE appoints Animesh Kumar as chief people officer
Web Exclusive Premium

Shares of Zee Entertainment Enterprises tumbled to fresh 52-week low

Avdhut Bagkar Mumbai
The National Company Law Appellate Tribunal (NCLAT) on Friday upheld the insolvency proceeding against Zee Entertainment Enterprises in response to an appeal filed by chief executive officer (CEO) Punit Goenka. Shares of Zee Entertainment Enterprises had tumbled to fresh 52-week low on Tuesday; post the NCLT placed the company in the corporate insolvency resolution process.  

Whenever a stock hits a new 52-week low, the momentum suggests that bears are gaining control over the trend. Such stocks are frequently avoided by investor community contemplating more downside ahead.

Meanwhile, the overall stock price performance is not satisfactory since late 2021. It has

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 24 2023 | 11:14 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com