Zee Entertainment Enterprises rose 3.44% to Rs 298.10 at 9:21 IST on BSE as the stock will be included in the 50-share CNX Nifty index from 19 September 2014.
Meanwhile, the BSE Sensex was up 27.27 points, or 0.10%, to 26,341.56.
On BSE, so far 48,000 shares were traded in the counter, compared with an average volume of 3.73 lakh shares in the past one quarter.
The stock hit a high of Rs 299.80 and a low of Rs 293.50 so far during the day. The stock hit a 52-week high of Rs 310.75 on 16 July 2014. The stock hit a 52-week low of Rs 208.10 on 28 August 2013.
The stock had underperformed the market over the past one month till 20 August 2014, falling 2.19% compared with 2.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 0.07% as against Sensex's 7.95% rise.
The large-cap company has an equity capital of Rs 96.04 crore. Face value per share is Re 1.
More From This Section
Zee Entertainment Enterprises will replace United Spirits in the 50-share CNX Nifty index from 19 September 2014. Simultaneously, Zee Entertainment Enterprises will be excluded from CNX Nifty Junior Index.
Shares of United Spirits fell 2.02% to Rs 2,406.
On a consolidated basis, Zee Entertainment Enterprises' net profit declined 6.26% to Rs 210.57 crore on 7.57% growth in total income to Rs 1124.65 crore in Q1 June 2014 over Q1 June 2013.
Zee Entertainment Enterprises is one of India's leading television, media and entertainment companies.
Powered by Capital Market - Live News