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Zee Ent extends rally as Jhunjhunwala, BofA buy stake; zooms 54% in 2-days

On Tuesday, September 14, 2021, ace investor Rakesh Jhunjhunwala's Rare Enterprises bought 5 million equity shares of Zee Entertainment at Rs 220.44 per share through a bulk deal on NSE.

Zee Ent extends rally as Jhunjhunwala, BofA buy stake; zooms 54% in 2-days
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SI Reporter Mumbai
Shares of Zee Entertainment Enterprises (ZEE) continued their upward journey after ace investor Rakesh Jhunjhunwala's Rare Enterprises Ltd and BofA Securities Europe SA bought shares of the company worth over Rs 225 crore through open market transactions on Tuesday.

The stock surged 10 per cent to hit a fresh 52-week high of Rs 287.70 on the NSE in intra-day trades on Wednesday. The stock of the broadcasting & cable TV operator was trading at its highest level since January 2020. It trades in the futures & option (F&O) segment, which has no circuit limits.

On Tuesday, September 14, 2021,