Zee Telefilms scrip touched a new 48-month low of Rs 68.15 in intra-day trading, though it recovered towards the end to close at Rs 71. The slide was precipitated by the market expectations of slower growth in the company’s profits for the April-June 2001 quarter.
On the BSE, traded volumes increased to 35.51 lakh shares from Friday’s 26.13 lakh shares, while on the NSE, volumes soared to 50.43 lakh shares from Friday's 36.20 lakh shares.
The stock opened at Rs 75.50 in the morning session and moved up to Rs 76.90 as the overall sentiment in the market was buoyant. But it came in for sustained hammering from that point on. The stock recovered after some foreign funds made heavy purchases.