{"id":116369,"date":"2023-12-29T11:34:40","date_gmt":"2023-12-29T06:04:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116369"},"modified":"2023-12-29T12:17:41","modified_gmt":"2023-12-29T06:47:41","slug":"entertainment-stock-jumps-after-fii-buys-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/entertainment-stock-jumps-after-fii-buys-stake-in-the-company\/","title":{"rendered":"Entertainment stock jumps after FII buys stake in the company\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2653891606\"><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>On Friday, the shares of India&#8217;s second-largest media and entertainment firm rose by 2.5 percent to Rs 277.55 per share, a day after the Foreign Institutional Investor purchased a stake in the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3848293137\"><!-- 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>At 11:26 a.m., Zee Entertainment Enterprises Ltd shares were trading at Rs 273.80 on the National Stock Exchange, up 1.01 percent from the previous close price. The company has a market capitalization of Rs 26,318 crore on the stock exchange.&nbsp;<\/p><p>According to NSE deals, Foreign Institutional Investor Plutus Wealth Management LLP, bought 61,10,797 equity shares up to 0.63 percent stake in the Zee Entertainment Enterprises via open market transactions at an average price of Rs 270.07 per share, for worth Rs 165.03 crore.&nbsp;<\/p><p>The company\u2019s revenue has increased by 20 percent year on year, from Rs 2,024 crore in Q2FY23 to Rs 2,438 crore in Q2FY24. During the same year, the company&#8217;s net profit rose by 9 percent, from Rs 113 crore to Rs 123 crore.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3391161358\"><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>Zee Entertainment Enterprises shares have gained 54 percent in the last six months and 14 percent in a year.&nbsp;<\/p><p>Zee Entertainment Enterprises is primarily in the businesses of Broadcasting Satellite Television Channels, Space Selling agents for other satellite television channels, and Sale of Media Content i.e. programs\/film rights\/feeds\/music rights.&nbsp;<\/p><p>In FY23, the company received 50 percent of its revenue from Advertising, followed by 41 percent revenue from subscriptions. However, the company has witnessed an 8% YoY decline in advertising revenue, this was largely offset by a 3% and 28% YoY increase in subscription and other sales and services,&nbsp;<\/p><p>As of the recent shareholding pattern, the company promoter holds a 3.99 percent stake in the company, while Foreign Institutional Investors hold a 35 percent stake and Domestic Institutional Investors hold a 42.22 percent stake.&nbsp;<\/p><p>Zee\u2019s is India\u2019s second TV Entertainment Network, with a market share of 16.8% in FY 2022-23. Since FY 2018-19, the company has launched seven new channels, six of which are in other language markets.&nbsp;<\/p><p>Zee Entertainment Enterprises is one of the largest global media and entertainment companies in the world. With a presence in over 190 countries and a reach of more than 1.3 billion consumers around the world through linear and digital platforms.<\/p><div class=\"trade-content-10\" id=\"trade-707300026\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><strong>Written by Omkar Chitnis<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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-3261516183\"><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>On Friday, the shares of India&#8217;s second-largest media and entertainment firm rose by 2.5 percent to Rs 277.55 per share, a day after the Foreign Institutional Investor purchased a stake in the company.&nbsp; At 11:26 a.m., Zee Entertainment Enterprises Ltd shares were trading at Rs 273.80 on the National Stock Exchange, up 1.01 percent from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"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":[31,13525],"tags":[],"class_list":["post-116369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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