Zee Ent. shares rise 0.23% as Nifty drops

Shares of Zee Entertainment Enterprises Ltd. traded 0.23 per cent up at Rs 195.55 on Wednesday at around 11:54AM (IST), while the benchmark BSE Sensex declined 525.02 points to 62444.11.

As many as 461,486 shares changed hands on the counter with a total value of Rs 9.0 crore.

The stock quoted a 52-week high price of Rs 286.9 and a 52-week low of Rs 175.8.

On the technical charts, the 200-DMA of the stock stood at Rs 233.25, while 50-DMA was at Rs 198.61. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up.