Tag: zee entertainment

Equity markets clocked a gap-up start on the bourses today(12th Nov.2021) amid across-the-board buying. Besides, firm Asian cues also supported the sentiment on the Street. The S&P BSE Sensex was up 362 points, or 0.6 percent, in early deals at 60,281.5 levels while the Nifty50 quoted at 17,973-mark, up 100 points. Among individual stocks, Tata Steel added around 2 percent after the Tata Group company reported an 8-fold jump in consolidated net profit at Rs 11,918 crore in the September quarter. Sun Pharma, Kotak Bank, Nestle India, Tech M, Infosys, and HDFC were the other top gainers on the Sensex. Meanwhile, in the broader market, the BSE MidCap and SmallCap indices added up to 0.65 percent. Read more

The news of Zee Entertainment - Sony Pictures India merger news has resulted in the stock of the Punit Goenka controlled firm hitting the upper circuit of 20 percent at Rs 306.75 on the BSE. This is also the 52-week high level for the counter. According to the analysts, the deal should put to rest investor's concerns regarding corporate governance issues and can result in significant re-rating for the stock going ahead. It currently trades at around 16/14x FY23/24 earnings. Among the other Essel Group stocks, Dish TV India surged 10 percent to Rs 21.54 on the BSE. Zee Media Corporation hit the upper circuit of 5 percent at Rs 12.36, while Zee Learn was up 20 percent to Rs 16.64 on the BSE in intraday trades. In comparison, the S&P BSE Sensex gained 0.27 percent at 59,162 points. Read more

The Indian benchmark indices today (14th Sept.2021) opened for trade on a firm note amid strong cues from global markets and hopes of continuity in easy RBI money policy following the latest inflation print. The BSE Sensex was up 192 points at 58,370 in the opening session while Nifty was up 50 points at 17,400. Sectorally, all indices gained with Nifty Media leading, up over 4.5 percent. The realty, financial, and pharma sectors also gained traction. The broader markets outperformed as both BSE Midcap and Smallcap indices added over 0.6 percent each. Read more