For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Zee Entertainment Shares Slides 8% On Governance Issues

|

Shares in Zee Entertainment dropped another 8 per cent on the back of a 5 per cent slide seen on Tuesday, following reports that the Ministry Of Corporate Affairs had ordered a probe into the books of the company.

The shares of Zee Entertainment were last trading at Rs 225, down 8 per cent in trade. The company's shares have been extremely volatile in the last few trading sessions and had even crossed the Rs 300 mark.

 

However, analysts feel that the governance issues could be a hangover for the stock. The shares of Zee Entertainment are now barely one per cent from their 52-week lows.

The company's quarterly numbers too were not very great. Net profit of Zee Entertainment Enterprises declined 37.87% to Rs 349.43 crore in the quarter ended December 2019 as against Rs 562.38 crore during the previous quarter ended December 2018.

Zee Entertainment Shares Slides 8% On Governance Issues

Read more about: zee entertainment shares
Story first published: Wednesday, February 5, 2020, 12:58 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more