Zee Entertainment, Dish TV shares bounce back day after deal with lenders

Zee closed trade at Rs 372.50, touching an intra-day high of Rs 380.8 while Dish TV stood at Rs 23.85 at the end of the day after hitting an intra-day high of Rs 24.85

Investors in Zee Entertainment Enterprises and Dish TV appear to have been placated following a weekend-long engagement with lenders resulting in a “written” agreement on payment of loans.

After Friday's rout — Zee and Dish TV crashing 26.43 per cent and nearly 33 per cent on the bourses, respectively — the stock recovered some ground on Monday, rallying nearly 17 per cent and 6 per cent, respectively, on BSE. Zee closed trade at Rs 372.50, touching an intra-day high of Rs 380.8. Dish TV stood at Rs 23.85 at the end of the day after hitting an intra-day high of