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Zee Media slips despite reporting over 9-fold jump in Q2 consolidated net profit

17 Oct 2018

Zee Media Corporation is currently trading at Rs. 26.30, down by 1.75 points or 6.24% from its previous closing of Rs. 28.05 on the BSE.

The scrip opened at Rs. 29.75 and has touched a high and low of Rs. 29.75 and Rs. 26.25 respectively. So far 70688 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 50.15 on 04-Jan-2018 and a 52 week low of Rs. 22.00 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 29.90 and Rs. 23.00 respectively. The current market cap of the company is Rs. 1264.07 crore.

The promoters holding in the company stood at 67.02%, while Institutions and Non-Institutions held 7.08% and 25.90% respectively.

Zee Media Corporation has reported a rise of 75.72% in its net profit of Rs 10.35 crore for the quarter ended September 30, 2018 as compared to Rs 5.89 crore for the same quarter in the previous year. Total income of the company increased by 35.70% at Rs 150.53 crore for Q2FY19 as compared Rs 110.93 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 9-fold jump in its net profit at Rs 17.25 crore for the quarter under review as compared to Rs 1.81 crore for the same quarter in the previous year. Total consolidated income of the company increased by 34.69% at Rs 170.66 crore for Q2FY19 as compared Rs 126.71 crore for the corresponding quarter previous year.

Related Zee Media Corporation Ltd. Links:

Zee Media Corpn. Share Price

11.31 -0.45 (-3.83%) Nov 29, 18:01
1 Year Price Chart
Peers
Company Name CMP
Zee Entertainment 329.95
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Dish TV India 16.80
Den Networks 39.20
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Sensex vs Zee Media Corpn.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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