Zee Entertainment share up by more than 4% today

Zee Entertainment’s share price is sharply up today. At 12:20 p.m. 22^nd August, the stock is up by 4.22%, trading at Rs 122.52. Benchmark Nifty 50 index is down by 0.63% at this time.  In the past one year the share has been down by 8.42%.  Year-to-date the stock has lost 0.45%. Nifty 50 index has gained 4.98%, year-to-date, in 2025.

In a news related to the company, Aditya Birla Finance Limited (ABFL) has challenged an arbitration decision that was given in Zee’s favor earlier this year. The arbitration panel had ruled that the letter of comfort given by Zee for a Rs 134 crore loan given by ABFL to its subsidiary Siti Network does not amount to a loan guarantee.

Zee Entertainment’s profit in June quarter had increased by 22% to Rs 144 crore. The increase in the price of the stock today can be attributed to some value buying. The stock is currently trading at a Price-to-Earnings ratio of around 16. Its 52-week high price currently is Rs 154. 90. Its 52-week low price is Rs 89.32.

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 Source: NSE