Shares of Zee Entertainment Enterprises Ltd (ZEEL) jumped 5.26% to ₹132.37 on the NSE by 3:02 PM on October 18, following the release of the company’s Q2 FY25 results. The stock saw an opening price of ₹125.00, hitting an intraday high of ₹132.97 and a low of ₹124.92 during the trading session.
Stock Performance Overview:
- Current Price: ₹132.37 (+5.26%)
- Opening Price: ₹125.00
- Day’s High: ₹132.97
- Day’s Low: ₹124.92
- Previous Close: ₹125.76
The stock gained after the company’s quarterly performance wowed for three months that ended September 30, 2024. ZEEL reported revenue from operations at ₹2,034.4 crore, which moved down 18.9% from a year ago. Net profit stood at ₹ 209.5 crore, posting a 34.1% drop in YoY but strengthening 5.9% sequentially over the previous quarter.
Despite a fall in revenue and net profit YoY, perhaps the market liked improved cost management and QoQ profit growth in ZEEL to push the stock price up.
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Source: BUT
News Desk
