Zee Entertainment Enterprises Ltd dropped for a fifth straight session today. The stock is quoting at Rs 184.4, down 2.87% on the day as on 13:29 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 11923.35. The Sensex is at 40559.17, down 0.09%.Zee Entertainment Enterprises Ltd has lost around 14.71% in last one month.Meanwhile, Nifty Media index of which Zee Entertainment Enterprises Ltd is a constituent, has eased around 9.82% in last one month and is currently quoting at 1518.15, down 1.46% on the day. The volume in the stock stood at 209.83 lakh shares today, compared to the daily average of 356.43 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 184.8, down 3.09% on the day. Zee Entertainment Enterprises Ltd tumbled 24.08% in last one year as compared to a 5.13% rally in NIFTY and a 12.93% fall in the Nifty Media index.

The PE of the stock is 37.66 based on TTM earnings ending June 20.

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Net profit of Zee Entertainment Enterprises declined 87.45% to Rs 64.27 crore in the quarter ended June 2020 as against Rs 512.19 crore during the previous quarter ended June 2019. Sales declined 37.85% to Rs 1112.49 crore in the quarter ended June 2020 as against Rs 1789.89 crore during the previous quarter ended June 2019.

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Net profit of Zee Entertainment Enterprises declined 94.28% to Rs 30.37 crore in the quarter ended June 2020 as against Rs 530.57 crore during the previous quarter ended June 2019. Sales declined 34.66% to Rs 1312.03 crore in the quarter ended June 2020 as against Rs 2008.12 crore during the previous quarter ended June 2019.

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Net loss of Zee Entertainment Enterprises reported to Rs 766.68 crore in the quarter ended March 2020 as against net profit of Rs 291.68 crore during the previous quarter ended March 2019. Sales declined 3.38% to Rs 1951.08 crore in the quarter ended March 2020 as against Rs 2019.27 crore during the previous quarter ended March 2019.

For the full year,net profit declined 66.40% to Rs 526.50 crore in the year ended March 2020 as against Rs 1567.09 crore during the previous year ended March 2019. Sales rose 2.47% to Rs 8129.86 crore in the year ended March 2020 as against Rs 7933.90 crore during the previous year ended March 2019.

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