Zee Leisure Enterprises benefited from the cut price

Zee Leisure Enterprises jumped 7.34% to Rs 255.30 after the inventory fell within the final 4 periods.

The inventory closed at Rs 237.85 yesterday, down 5.6% within the final 4 periods, from the current excessive of Rs 251.85 recorded on August 8, 2022.

Prior to now one yr, the inventory gained 15.18%, whereas the benchmark Nifty 50 gained 13.85% and the Sensex 14.52% throughout the identical interval.

On the technical entrance, the every day RSI (Relative Energy Index) of the inventory stood at 61.697. The RSI oscillates between zero and 100. Historically, the RSI is taken into account oversold when it’s above 70 and under 30.

On the every day chart, the inventory is buying and selling above its 50-day and 100-day easy transferring averages (SMA) at 230.21 and 245.48 respectively.

Zee Leisure Enterprises (ZEEL) is a media and leisure firm that gives leisure content material to a various viewers. It’s current in broadcast, movies, music, digital, dwell leisure and theater companies each in India and overseas.

The corporate reported a 50.1% decline in consolidated web revenue at Rs 106.6 crore regardless of a 4% development in working income in Q1 FY23 over Q1 FY22.

operated by Capital Markets – Dwell Information

(This story has not been edited by Enterprise Commonplace workers and is routinely generated from a syndicated feed.)

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