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Business Standard
a day ago
- Business
- Business Standard
Quick Wrap: Nifty Media Index registers a drop of 1.31%
Nifty Media index closed down 1.31% at 1731.4 today. The index has added 1.00% over last one month. Among the constituents, Zee Entertainment Enterprises Ltd dropped 2.91%, Network 18 Media & Investments Ltd fell 1.61% and D B Corp Ltd shed 1.60%. The Nifty Media index has decreased 15.00% over last one year compared to the 5.80% spike in benchmark Nifty 50 index. In other indices, Nifty PSU Bank index increased 0.71% and Nifty FMCG index has slid 0.69% on the day. In broad markets, the Nifty 50 witnessed a rise of 0.10% to close at 25541.8 while the SENSEX increased 0.11% to close at 83697.29 today.
Business Standard
23-06-2025
- Business
- Business Standard
Quick Wrap: Nifty Media Index gains 4.39%
Nifty Media index ended up 4.39% at 1748.4 today. The index has gained 4.00% over last one month. Among the constituents, Zee Entertainment Enterprises Ltd rose 12.46%, Network 18 Media & Investments Ltd jumped 3.81% and Nazara Technologies Ltd gained 3.52%. The Nifty Media index has fallen 14.00% over last one year compared to the 6.26% increase in benchmark Nifty 50 index. In other indices, Nifty IT index has dropped 1.48% and Nifty Auto index has slid 0.92% on the day. In broad markets, the Nifty 50 has declined 0.56% to close at 24971.9 while the SENSEX has slid 0.62% to close at 81896.79 by Capital Market - Live News
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Business Standard
23-06-2025
- Business
- Business Standard
ZEEL stock trades above its 20-MMA after 16 months; what lies ahead?
ZEEL stock seen trading above its 20-Month moving average for the first time since January 2024; technical chart suggests the stock can potentially rally another 21% from here. Rex Cano Mumbai Listen to This Article Zee Entertainment Enterprises Ltd (ZEEL) stock zoomed over 10 per cent and hit an intra-day high at ₹146.69 on the National Stock Exchange (NSE) after the company's promoters announced their plan to increase shareholding in the company. Today's sharp rally in ZEEL stock was backed by heavy volume, and the stock was seen trading at a 10-month high. In the process, the stock was also seen trading above its long-term - the 20-Month Moving Average (20-MMA) for the first time since January 2024. As per ZEEL, the company's board approved the enhancement of promoter shareholding by
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Business Standard
23-06-2025
- Business
- Business Standard
ZEEL surges 10% in weak market, up 49% thus far in June quarter; check why
Zee Entertainment Enterprises Ltd (ZEEL) share price today Shares of Zee Entertainment Enterprises Ltd (ZEEL) hit a 10-month high of ₹146.45 as they rallied 10 per cent on the BSE in Monday's intra-day trade amid heavy volumes in an otherwise weak market. The stock price of the TV broadcasting & software production company was trading at its highest level since August 2024. It had hit a 52-week high of ₹163.90 on July 16, 2024. Thus far in the June quarter, the stock price of ZEEL has appreciated by 49 per cent. At 10:56 AM; ZEEL was quoting 9.6 per cent higher at ₹145.65, as compared to 0.8 per cent decline in the BSE Sensex. The average trading volumes at the counter more-than-doubled, with a combined 52.76 million shares changing hands on the NSE and BSE. What's driving ZEEL stock price? The promoter group of ZEEL is raising its stake in the company to 18.39 percent, up from 4.28 percent. The company's board of dDirectors approved the enhancement of promoter shareholding by issuance of upto 169.5 million fully convertible warrants to the promoter group entities on a preferential basis, at ₹132 per warrant aggregating to ₹2,237.4 crore. The preferential issue is subject to shareholders' approval. In line with its strategic ambitions for the future, ZEEL is taking necessary steps to identify and invest in new avenues for growth and capitalize on the emerging opportunities. The board believes that the steps being taken by the company will enable it to remain well-poised for future investments by further strengthening its balance sheet with access to significant growth capital. Additionally, the infusion of funds from the promoters will enable the company to further fortify its core business segments and strengthen its financial foundation to explore value-accretive growth opportunities in the evolving Media & Entertainment landscape. Meanwhile, according to media reports, the promoters of ZEEL, Subhash Chandra and his family, are expected to recover through the Essel group around ₹1,300 crore in one year from various parties who owe money to them. ZEEL in investor presentation, released on Sunday, June 23, highlighted that the 'Z' to create a significant cash reserve in order to compete effectively with the competitor and to act proactively to address any rapid market shift. The company has to enhance its digital offerings in a profitable manner both domestically and internationally without going beyond content ecosystem. For growth initiatives the company said it is developing new business verticals to expand its target audience and augment revenue streams. Micro dramas, UGC, Live Events, Edutainment, Emerging Sports, etc. the company is developing new distribution business model to capture and retain a larger pool of eyeballs. The capital deployed in the growth initiatives will be aimed at enhancing the profitability of the company in next 3 years and surpass the highest EPS delivered by the company on enhanced capital base, the company said. Motilal Oswal Financial Services view on ZEEL ZEEL aims to deliver revenue CAGR of 8-10 per cent with its current portfolio and improve EBITDA margins to an industry-leading range of 18-20 per cent by FY26. The brokerage firm believes that a sustainable recovery in ad revenue remains key to achieving these aspirations and driving a potential re-rating of multiples. 'Our earnings estimates are unchanged as we await more clarity on the use of promoter fund infusion (~₹ 2,200 crore) and FCCBs (~₹ 2,000 crore). However, the fund infusion will provide ZEEL with enough firepower to improve its competitive position in the industry,' Motilal Oswal Financial Services said. As noted earlier, Zee's valuations have turned attractive. However, a sustained recovery in domestic advertisement revenue and a favorable outcome in ongoing litigation for ICC rights with Star remain key for rerating, the brokerage firm said.
Business Upturn
23-06-2025
- Business
- Business Upturn
Why are Zee Entertainment shares up 9% today? Know More
By Aditya Bhagchandani Published on June 23, 2025, 10:38 IST Shares of Zee Entertainment Enterprises Ltd surged nearly 9% on June 23 to Rs 145, making it one of the top gainers on the NSE, as investors responded positively to the company's ambitious growth roadmap for FY26. The rally follows its investor presentation outlining strong focus on profitability, content, and digital expansion. The media major aims to break even on its digital arm Zee5 in FY26, as opposed to an EBITDA loss of Rs 548 crore in FY25. It also set aggressive targets, including raising its TV viewership share to around 17.5% from 16.8% and improving EBITDA margins to 18–20% from 14.6%. Advertising revenue, which dropped 11.4% YoY to Rs 3,591 crore in FY25, is projected to grow by 8–10% this fiscal. Zee is doubling down on content monetization, digital innovation, and regional penetration. Its plan includes separating TV and OTT content feeds, expanding its FAST (free ad-supported streaming TV) channel presence, and boosting Zee5's visibility through OEM partnerships. The company is also creating new-age content, including micro and mini-series aimed at younger viewers, to drive engagement and diversify monetization. With a market cap of over Rs 139,000 crore and average volume of 13.88 million, ZEEL's fresh narrative has brought back investor confidence despite past headwinds, including advertising pressures and market consolidation. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
