ZEE ENTERTAINMENT Surges by 11%; BSE 500 Index Down 0.4%
March 18, 2020 09:50 AM

ZEE ENTERTAINMENT share price has zoomed 11% and is presently trading at Rs 149.

Meanwhile, the BSE 500 Index is at 11,951 (down 0.4%).

Among the top Gainers in the BSE 500 Index today are ZEE ENTERTAINMENT (up 11.2%) and YES BANK (up 34.4%).

BLUE DART EXPRESS and GILLETTE INDIA are among the top losers today.

Over the last one year, ZEE ENTERTAINMENT has moved down from Rs 458 to Rs 149, registering a loss of Rs 309 (down 67.6%).

On the other hand, the BSE 500 has moved down from 15,069 to 11,951, loss of 3,118 points (down 22.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 233.9%), ABBOTT INDIA (up 104.4%) and NAVIN FLUORINE (up 85.7%).

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (down 0.3%).

The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 3.5%), INFOSYS (up 2.4%) and HUL (up 1.7%). Other gainers include BHARTI AIRTEL (up 1.5%) and ONGC (up 1.2%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 9,128 (down 0.2%). The top gainers in the NSE Nifty include YES BANK (up 33.7%), ZEE ENTERTAINMENT (up 12.0%) and SUN PHARMA (up 3.7%). Other gainers include VEDANTA LTD (up 3.1%) and INFOSYS (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 20.00%).

ZEE ENTERTAINMENT Financial Update...

ZEE ENTERTAINMENT net profit down at Rs 3 billion for the quarter ended December 2019, compared to a loss of Rs 6 billion a year ago. Net Sales declined 5.5% to Rs 20.5 billion during the period as against Rs 21.7 billion in October-December 2018.

For the year ended March 2019, ZEE ENTERTAINMENT reported 18.2% increase in net profit to Rs 15.9 billion compared to net profit of Rs 13.4 billion during FY18.

Revenue of the company grew 18.7% to Rs 79 billion during FY19.

The current Price to earnings ratio of ZEE ENTERTAINMENT, based on rolling 12 month earnings, stands at 9.0x.