Shares of Zee Entertainment Enterprises Ltd. were trading flat after touching a day’s high of Rs 143.25 on 25 July. In 2024, the stock has fallen by 50%, significantly eroding investor wealth.

During the last year, the stock has declined by 42%, highlighting ongoing challenges for the media firm. The company has delivered disappointing returns for investors both recently and over the long term.

Over the past five years, ZEE’s stock has dropped by 62%, whereas in the past three years, it has plunged by almost 32%.

Zee’s share price of Rs 139.99 is 53.2% below its 52-week high of Rs 299.50, while the stock is 10.98% above its 52-week low of Rs 126.15.

In July, the stock dropped by 7%, reversing earlier gains. It rose 1.5% in June, 1.8% in May, and 6% in April. Earlier during this year, the stock faced significant declines: 14% in March, 7.3% in February, and nearly 37% in January.

The company’s share price fell 50% in 2024 YTD, primarily due to the collapse of its merger with Sony. The merger aimed to create a $10 billion media conglomerate but fell through after Sony withdrew.

At 3:30 PM, the shares of Zee Entertainment closed 2.38% higher at Rs 140 on BSE.

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!