Top Story

e4m_logo.png

Home >> International >> Article

Zee Telefilms shares fell to its 17 months low of Rs 216.60

16-January-2001
Font Size   16
Zee Telefilms shares fell to its 17 months low of Rs 216.60

Shares of Zee Telefilms, the country's largest private television network, fell over 8 per cent on Monday to its 17 month low of Rs 216.60 on the Bombay Stock Exchange (BSE) after a foreign brokerage issued a sell recommendation on the stock. The stock, however, recovered to close higher at Rs 229.55.

Over 70 lakh Zee shares changed hands. While on the National Stock Exchange, the stock had dipped to a low of Rs 211.10, but closed higher at Rs 229.55. The scrip had hit its all-time high of Rs 1,630 on February 25, 2000.

The Zee counter had remained relatively resilient last week when most media shares tumbled on the bourses following the arrest of leading film financier Bharat Shah. Analysts also add that Zee Telefilms continues to be highly priced as it is trading at a price multiple of 86 based on its trailing 12 months earning per share of Rs 2.80.

Hence, the counter is now witnessing selling on the high valuation concerns that have gripped IT, media and telecom stocks in the last one month or so.

Tags

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

WhatClicks promises to be an unbiased, objective, third-party audit firm that will work with advertisers and agencies alike to help build an effective and integrated digital strategy.

V-Guard Industries, a household name for consumer electrical appliances in India, has revamped its logo in order to reflect the strength gained by the brand over the years. The company has also unveil...

The report reveals that there has been nearly 5 times more growth in video consumption in the last 12 months, with 96 percent of all usage being focused on long form video