Multibagger stock zee ent Rakesh Jhunjhunwala stock zoomed over 100 pc in one month check details varpat

New Delhi. The country’s veteran investor Rakesh Jhunjhunwala invests in shares after due diligence. The stock that Rakesh Jhunjhunwala puts his hands on, that stock gets feathers. Another stock included in his portfolio has given bumper returns to investors in a month.

We are talking about- Zee Entertainment Enterprises Limited. The share of Zee Ent was at Rs 170 on August 23, 2021. Which increased to Rs 355.40 on 22nd August. During this one month, the stock of Zee Ent has seen an increase of 109 percent.

Zee Ent Merger With Sony Pictures
The stock has gained 51 per cent since the beginning of this year. On the BSE, it opened at Rs 281.20, up 10 per cent against the previous close of Rs 255.65. Shares of Zee Entertainment Enterprises Ltd hit a new record with Rs 355.40 on BSE after the announcement of merger with media firm Sony Pictures Networks India (SPNI). Let us tell you that the company’s shares are at a 52-week high record.

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Sony Pictures has said that the merger of ZEEL and SPNI will touch a new height in the media business. This merger will bring together some of the strongest leadership teams, content creators and high-quality series and film libraries in the media business. This is a new beginning.

Market cap rises to Rs 32,378.98 crore
The shares of the company are above the moving averages of 5 days, 10 days, 20 days, 50 days, 100 days and 200 days. The market cap of the firm has increased to Rs 32,378.98 crore on BSE. Santosh Meena, Head of Research, Swastika Investmart said that the stock is trading at very attractive valuations and is one of the strongest and preferred stocks in the media space by FIIs.

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Big Bull has a big investment
Let us tell you that Big Bull Rakesh Jhunjhunwala has bought 50 lakh shares of the company in a bulk deal of Rs 110.22 crore. He has bought shares at Rs 220.4 per share. The value of his stake in Zee Entertainment Enterprises Ltd has risen by over 50% in the last one week so far. Besides Jhunjhunwala, Bank of America Securities Europe SA also bought 48.7 lakh shares at Rs 236.2 in a bulk deal worth around Rs 115 crore.