Zee Entertainment Enterprises jumped 6.43% to Rs 309.30 at 15:00 IST on BSE ahead of the stock's inclusion in the 50-share CNX Nifty index from Friday, 19 September 2014.
Meanwhile, the BSE Sensex was up 461.16 points, or 1.73%, to 27,092.45.
On BSE, so far 2.72 lakh shares were traded in the counter, compared with an average volume of 3.42 lakh shares in the past one quarter.
The stock hit a high of Rs 310.20 and a low of Rs 290.20 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 220.20 on 23 September 2013.
The stock had outperformed the market over the past one month till 17 September 2014, rising 7.77% compared with 2.02% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 8.51% as against Sensex's 4.35% rise.
The large-cap company has an equity capital of Rs 96.04 crore. Face value per share is Re 1.
Zee Entertainment Enterprises will replace United Spirits in the 50-share CNX Nifty index from Friday, 19 September 2014. Simultaneously, Zee Entertainment Enterprises will be excluded from CNX Nifty Junior Index.
Shares of United Spirits were down 1.25% to Rs 2,367.10.
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.
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