Zee Ent, Jet Airways, DHFL, RCom: A trading guide for news-driven stocks

Zeel lacks the significant volumes that can drive the price to higher levels, Jet Airways has a consolidation breakout , DHFL resisting at 100-days moving average, RCOM needs to hold range Rs2 - Rs3.

For good reasons or bad, a number of companies have been in the news over the past few months. Zee Entertainment Enterprises, Reliance Communication (RCom), Jet Airways, ICICI Bank, Axis Bank are some such counters. Taking cognizance of these developments, the stocks of these companies have reacted at the bourses.
 

Shares of Zee Entertainment Enterprises (ZEE), for instance, slipped 6 per cent to Rs 403 on the BSE in intra-day trade on April 2, 2019 after its promoter sold Rs 332 crore worth of the firm’s shares in recent months, according to exchange disclosures. Cyquator Media Services, the promoter entity