{"id":104363,"date":"2023-06-21T16:45:00","date_gmt":"2023-06-21T11:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104363"},"modified":"2023-06-21T16:36:21","modified_gmt":"2023-06-21T11:06:21","slug":"media-stock-gains-up-to-9-after-nse-lifts-fo-ban-merger-with-sony-brings-light","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/media-stock-gains-up-to-9-after-nse-lifts-fo-ban-merger-with-sony-brings-light\/","title":{"rendered":"Media stock gains up to 9% after NSE lifts F&amp;O ban; Merger with Sony brings light\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-61513033\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Zee Entertainment Enterprises Limited opened their trading hour at Rs 176.25 and currently trade at Rs 182. The scrip witnessed an intra-day high of Rs 188.40, indicating a gain of around 9 percent compared to the previous closing levels of Rs 173.30.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-943750885\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Such movements in the stock prices are observed after the company exits from the Futures &amp; Options (F&amp;O) ban imposed by the National Stock Exchange (NSE) today.&nbsp;<\/p><p>In addition to the above, Mr. Kenichiro Yoshida, CEO of Sony Corp, spoke at the company\u2019s corporate strategy meeting that the merger between Sony Picture Networks India (SPNI) and <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ZEEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Zee Entertainment Enterprises Limited (ZEEL)<\/a><\/strong> is likely to be completed by the first half of FY2023-2024.\u00a0<\/p><p>He further mentioned India becoming the most populous country in the world and the same creating immense opportunities for growth, especially in the entertainment industry.\u00a0The company, in alignment with the developments taking place in the legal battle faced by ZEEL, will make appropriate decisions.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3887232973\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>A glance at the financials of the company portrays uniform revenues at levels of Rs 2,110 crores since the last two quarters. Despite such numbers, the company transitioned from net profits of Rs 24 crores during the December 2022 quarter to net losses of Rs 196 crores during the March 2023 quarter.&nbsp;<\/p><p>Zee Entertainment Enterprises Limited is engaged in the business of providing entertainment and media services. The company generates a majority of its revenues from India by way of subscription services, movie distribution, content licensing, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3687947436\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Zee Entertainment Enterprises Limited opened their trading hour at Rs 176.25 and currently trade at Rs 182. The scrip witnessed an intra-day high of Rs 188.40, indicating a gain of around 9 percent compared to the previous closing levels of Rs 173.30.&nbsp; Such movements in the stock prices are observed after the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2964,6688,6782,1442,6784,8573,1292,1288,1441,1310],"class_list":["post-104363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-media-stock","tag-zee-and-sony-merger","tag-zee-entertainment","tag-zee-entertainment-enterprises-ltd-share-news","tag-zee-entertainment-fo-ban","tag-zee-entertainment-latest-orders","tag-zee-entertainment-merger-with-sony","tag-zee-entertainment-news","tag-zee-entertainment-share-news","tag-zee-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Media stock gains up to 9% after NSE lifts F&amp;O ban; Merger with Sony brings light\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of Zee Entertainment Enterprises Limited opened their trading hour at Rs 176.25 and currently trade at Rs 182. 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