The steep falls in Zee provoked several lenders to dump over Rs 500 crore worth of pledged shares in panic
In the early trade, ZEE Entertainment Enterprises jumped as much as 14.29 per cent to Rs 365 apiece on BSE.
The stock was up 3 per cent to Rs 463 on the BSE in intra-day trade ahead of October-December 2018 quarter results today.
The stock dipped 6% to Rs 474 on the BSE in intra-day trade, its sharpest decline since October 5, 2018.
The stock was trading flat at Rs 437 on BSE at 02:28 pm, it hit a high of Rs 470 and a low of Rs 420 in intra-day trade so far.
Zee Entertainment Enterprises plunged 9.5% to Rs 436 in early morning trade on the NSE.
Rollover of 82% with positive roll cost suggests an up move
Rollover of 82% with positive roll cost suggests an up move
However, March quarter saw soft international revenues eclipse recovery in those from domestic ads
The stock was down 3.7% to Rs 527 on BSE in intra-day trade, extending its previous day's nearly 4% fall.
The stock rallied 5% to Rs 438, trading nears to its 52-week high of Rs 440 on the BSE on October 21, 2015.