Nifty Media Index up by More Than 3% Today as Zee Stock Price Gains More Than 10%
By Ankur Chandra | Published at: Jun 23, 2025 06:04 PM IST
Mumbai, June 23, 2025 (01:40 PM IST): The Nifty Media Index jumped 3.02% to 1,737.40 by midday, significantly outpacing the benchmark Nifty 50, which fell 0.70% to 24,935.80. The rally was driven by Zee Entertainment Enterprises Ltd (ZEEL), which surged more than 10%, supported by strong trading volumes and heightened investor optimism.
Nifty Media Snapshot (Intraday)
| Metric | Value |
|---|---|
| Opening Level | 1,670.95 |
| Day High | 1,737.40 |
| Day Low | 1,664.15 |
| Last Traded Price | 1,737.40 |
| Previous Close | 1,674.80 |
| Change | +50.50 |
| % Change | +3.02% |
| 52-Week High | 2,182.35 |
| 52-Week Low | 1,344.40 |
| Traded Volume | 7.97 crore |
| Traded Value | ₹1,178 crore |
Out of 10 constituents, 5 advanced, 4 declined, and 1 remained unchanged, reflecting a mildly positive market breadth within the media sector.
Top Gainers: Zee Steals the Show
| Stock | Price (₹) | Change (₹) | % Change |
|---|---|---|---|
| Zee Entertainment (ZEEL) | 145.15 | +12.07 | +9.07% |
| Saregama India | 511.80 | +12.10 | +2.42% |
| Network18 Media & Investments | 53.20 | +0.94 | +1.80% |
| PVR INOX Ltd | 949.80 | +9.15 | +0.97% |
| D.B. Corp Ltd | 271.60 | +1.65 | +0.61% |
ZEEL accounted for the bulk of the index movement, with volume exceeding 7.2 crore shares and a turnover above ₹1,035 crore. The stock is now just 11.5% away from its 52-week high of ₹164.03.
Underperformers
| Stock | Price (₹) | Change (₹) | % Change |
|---|---|---|---|
| Sun TV Network | 604.20 | -3.60 | -0.59% |
| Hathway Cable & Datacom | 14.80 | -0.06 | -0.40% |
| Nazara Technologies | 1,274.00 | -0.40 | -0.03% |
| Tips Music | 658.85 | 0.00 | 0.00% |
While ZEEL and Saregama buoyed the index, Sun TV and Nazara remained weak on muted investor action.
Sectoral Perspective
Despite a 17.89% YoY decline, today’s upsurge has helped Nifty Media cut recent losses. It now trades nearly 21% below its 52-week high but shows short-term momentum with stocks like Network18 and Saregama recovering in the last 30 days.
With media stocks outperforming peers in a broadly weak market, analysts are closely tracking volume trends and potential corporate triggers particularly in broadcasting and digital content.
About Nifty Media Index:
The Nifty Media index includes major Indian media and entertainment companies spanning television, film, music, and digital publishing. It reflects the industry’s sensitivity to advertising trends, regulatory policy, and consumer demand shifts.
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