Ambuja Cement surged almost vertically from the support zone of the medium-term moving average (100 EMA) on the daily chart and made a new record high as well
Macquarie Capital expects Dish TV, a Zee subsidiary, to report a Rs 300 crore free cash flow in FY21
Street will also keep an eye out on cash flow improvement in the coming quarters
Zee Entertainment Enterprises Ltd on Monday reported a consolidated net profit of Rs 93.41 crore for the second quarter ended September
The development is a negative for ZEE on the sentimental as well as corporate governance front, ICICI Securities said
While there are multiple triggers, the recent stock surge caps near term gains
Media firm Zee Entertainment Enterprises expects a moderate growth in its subscription revenue although its overall ad revenue is likely to fall this fiscal, according to the company's annual report
Singapore government and Monetary Authority of Singapore have sold almost 1% of their total holding in ZEEL to 5.93% for an estimated sum of over Rs 186 crore by selling shares in the open market
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Changes have been made in several indices, including Nifty 500, Nifty 200, Nifty 100 and Nifty Midcap 150
Bharti Infratel and Zee Entertainment Enterprises will be dropped from the Nifty 50, NSE Indices said in a statement
Emkay Global believes multiple re-rating of the stock will happen along with the changes in Q1 and consistency in balance sheet improvement
The stock may see a further re-rating if the firm sticks to its pledge on free cash flow and corporate governance
All that happened in the markets today
Zee Entertainment Enterprise Ltd has reported a consolidated net profit of Rs 29.28 crore for the first quarter ended on June, 2020
Its operating profit fell 67 per cent on weak revenues, investments
All that happened in the markets today
The broadcaster sent teams to engage with audiences for its regional language programming
More than 200 companies, including PNB, Zee Entertainment, CSB Bank, and Muthoot Finance are scheduled to announce their June quarter earnings this week
The Nifty50 broad-based index is reviewed twice a year based on six-month data ending January 31 and July 31.