NEW DELHI: Shares of Zee Entertainment surged over 5 per cent in Thursday's trade after the company denied rumours that raised concerns over the audit of its financial statements.
In a filing to BSE, the media firm said that the audit of the stand-alone and cosolidated financial statements for FY19 was in progress by Deloitte Haskins & Sells, LLP, and the company has already scheduled the board meeting on May 27. Besides, the stock also gained after the company told stock exchanges ..
The two developments triggered value buying on the stock, which had fallen for five sessions in a row. By 10 am, shares of Zee Entertainment were ruling 4.94 per cent higher at Rs 349.75 on BSE.
The Subhash Chandra-led had in November last year announced promoter's plans to sell up to 50 per cent stake in the company to a strategic partner.
In response to an ET query seeking comment ..
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In a filing to BSE, the media firm said that the audit of the stand-alone and cosolidated financial statements for FY19 was in progress by Deloitte Haskins & Sells, LLP, and the company has already scheduled the board meeting on May 27. Besides, the stock also gained after the company told stock exchanges ..
The two developments triggered value buying on the stock, which had fallen for five sessions in a row. By 10 am, shares of Zee Entertainment were ruling 4.94 per cent higher at Rs 349.75 on BSE.
The Subhash Chandra-led had in November last year announced promoter's plans to sell up to 50 per cent stake in the company to a strategic partner.
In response to an ET query seeking comment ..
For more information Top 10 Stock Advisory Company Indore
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