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Zee Entertainment Enterprises hits over 7-year low, tanks 40% in 2 weeks

In the past two weeks, the stock price has tanked 40 per cent, as compared to 18 per cent decline in the Sensex in the same period

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Thus far in the calendar year 2020, ZEEL's share price has nearly halved from the level of Rs 292 at the beginning of the year

SI Reporter Mumbai
Shares of Zee Entertainment Enterprises (ZEEL) cracked 10 per cent to an over 7-year low of Rs 150.05 on the BSE on Tuesday in an otherwise firm market. In comparison, the S&P BSE Sensex was up 0.6 per cent at 31,578 points at 11:18 am.

The stock of the broadcasting & cable TV operator was trading at its lowest level since July 2012. and has now declined for four straight trading sessions. The counter has seen huge trading volumes with a combined 12.9 million shares changing hands on the NSE and BSE so far.

In the past two