FIIs Bought 2,05,33,546 Shares & DIIs Bought 2,64,82,518 Shares: Penny Stock Under Rs 20 Hit Upper Circuit On January 29

The stock is up by 63.6 per cent from its 52-week low of Rs 10 per share.

On Wednesday, shares of Zee Media Corporation Limited hit a 5 per cent upper circuit to Rs 16.36 per share from its previous closing of Rs 15.59 per share. The stock’s 52-week high is Rs 26.29 per share and its 52-week low is Rs 10 per share.

Zee Media, a leading Indian media house since 1999, dominates news across TV and digital platforms. Their 15 channels span global, national, and regional audiences. Zeenews.com, their digital platform, reaches over 280 million users in 9 languages. Their flagship Hindi channel is #1 among Hindi news channels with 58 million viewers. Zee Media engages its audience through initiatives like "Ek Bharat Shreshtha Bharat" and "Jaipuria Business and Leadership Conclave." Their regional channels are leaders in their respective regions. Zee 24 Ghanta excelled in Durga Puja coverage. Zee Digital is India's 3rd-largest news and information platform. ZMCL's investment in Flutrr Digimate Private Limited strengthens its commitment to growth and innovation.

According to Quarterly Results (Q2FY25), the company reported net sales of Rs 131 crore and a net loss of Rs 50 crore while in its half-yearly results (H1FY25), the company reported net sales of Rs 307 crore and a net loss of Rs 60 crore. Looking at its annual results (FY24), the company reported net sales of Rs 638 crore and a net loss of Rs 98 crore.

In December 2024, FIIs bought 2,05,33,546 shares and increased their stake to 12.06 per cent while DIIs bought 2,64,82,518 shares and increased their stake to 4.24 per cent compared to September 2024. The company has a market cap of over Rs 1,000 crore. The stock is up by 63.6 per cent from its 52-week low of Rs 10 per share. Investors should keep an eye on this penny stock.

Disclaimer: The article is for informational purposes only and not investment advice.