Zee Entertainment hits 52-week high; surges 22% in two weeks

In the past three months, the market price of ZEE more-than-doubled or up 102 per cent, against 1.4 per cent decline in the S&P BSE Sensex.

Shares of Zee Entertainment Enterprises (ZEEL) hit a 52-week high of Rs 363.50, up 4 per cent on the BSE in Monday’s intra-day trade in otherwise subdued market. The stock of broadcasting & cable TV operator has surpassed its previous high of Rs 362.85, touched on September 23, 2021. In comparison, the S&P BSE Sensex was down 0.35 per cent at 57,493 points at 10:17 am.

In the past two weeks, the stock has rallied 22 per cent after after Punit Goenka, MD and CEO of ZEEL said that merger talks between the company and Sony Pictures Networks India