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Zee Tele gains on fund backing

07-December-2002
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Zee Tele gains on fund backing

Zee Telefilms Ltd saw huge volumes on the bourses on yesterday. According to market players, a good amount of institutional activity was witnessed in the counter. A tranche of 20 lakh shares is rumoured to have been picked up by a prominent domestic institution. The stock has been experiencing a revival of sorts since Thursday after being hammered to Rs 91 levels. It has gained over 13 per cent since December 4.

On Friday, Zee Telefilms closed 7.74 per cent higher on the BSE at Rs 103.45 with 1.47 crore shares being traded. On the NSE, the stock rose by 8 per cent to close at Rs 103.45 with 2.12 crore shares changing hands.

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