Key Events This Week
Feb 9: Sharp 13.46% surge to Rs.9.27 on strong volume
Feb 10: Continued rally with 6.04% gain amid mixed technical signals
Feb 12: Price correction of 3.40% on low volume
Feb 13: Outstanding quarterly results fuel 7.24% jump to Rs.10.07
Monday, 9 February 2026: Strong Opening Rally
Zee Media began the week with a striking 13.46% gain, closing at Rs.9.27 on the BSE, supported by a robust volume of 451,547 shares. This surge outpaced the Sensex’s 1.04% rise to 37,113.23 points, signalling strong investor interest. The sharp price jump reflected a positive shift in market sentiment, possibly triggered by early indications of improving fundamentals and technical momentum.
Tuesday, 10 February 2026: Continued Momentum Amid Mixed Technical Signals
The stock extended its rally with a 6.04% gain to close at Rs.9.83, on increased volume of 475,981 shares. Despite the price strength, technical indicators presented a nuanced picture. Weekly charts showed mildly bullish momentum with MACD and KST signalling short-term strength, while monthly indicators remained bearish, reflecting longer-term caution. The Sensex advanced modestly by 0.25% to 37,207.34, underscoring Zee Media’s outperformance.
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Wednesday, 11 February 2026: Minor Pullback on Lower Volume
The stock experienced a slight correction, falling 1.12% to Rs.9.72 on reduced volume of 234,436 shares. This modest decline contrasted with the Sensex’s 0.13% gain to 37,256.72, indicating a brief pause in the rally. Technical indicators suggested consolidation, with neutral RSI readings and sideways Bollinger Bands on weekly charts, reflecting investor caution amid mixed signals.
Thursday, 12 February 2026: Price Correction Amid Market Weakness
Zee Media’s share price declined 3.40% to Rs.9.39 on very low volume of 28,758 shares, coinciding with a 0.56% drop in the Sensex to 37,049.40. The sharp volume contraction suggested limited trading interest, possibly due to investors awaiting quarterly results. Monthly technical indicators remained bearish, reinforcing the cautious tone.
Friday, 13 February 2026: Stellar Quarterly Results Spark Sharp Rebound
The week closed on a high note as Zee Media surged 7.24% to Rs.10.07, supported by a strong volume of 755,934 shares. This rally was driven by the company’s outstanding quarterly performance for the December 2025 quarter, which reported record net sales of Rs.240.32 crores and a PBDIT of Rs.78.18 crores, translating to a robust operating margin of 32.53%. Profit After Tax reached Rs.52.77 crores with EPS at Rs.0.84, marking significant operational improvement.
Despite these gains, liquidity concerns were noted, with cash reserves at Rs.6.25 crores and a debtor turnover ratio of 2.92 times, signalling potential working capital challenges. The Sensex declined 1.40% to 36,532.48, highlighting Zee Media’s strong relative performance.
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Weekly Price Performance: Zee Media vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.9.27 | +13.46% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.9.83 | +6.04% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.9.72 | -1.12% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.9.39 | -3.40% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.10.07 | +7.24% | 36,532.48 | -1.40% |
Key Takeaways
Strong Weekly Outperformance: Zee Media’s 23.26% weekly gain dwarfed the Sensex’s 0.54% decline, reflecting significant investor enthusiasm amid improving fundamentals and technical momentum.
Technical Momentum Shift: The week’s price action was supported by a shift from bearish to mildly bullish technical indicators on weekly charts, although monthly signals remain cautious, suggesting the rally may be tentative.
Outstanding Quarterly Results: The December 2025 quarter marked a clear turnaround with record revenues and profitability, driving the stock’s strong finish despite liquidity and working capital concerns.
Liquidity and Structural Concerns: Despite operational gains, low cash reserves and slower debtor turnover highlight ongoing challenges that could impact near-term financial flexibility.
Volatility and Trading Volume: The week saw wide price swings with volume spikes on rally days and sharp drops on low-volume corrections, indicating active trading and investor caution.
Conclusion
Zee Media Corporation Ltd’s week was characterised by a powerful price rally fuelled by a combination of technical momentum shifts and a stellar quarterly earnings report. The stock’s 23.26% gain against a declining Sensex underscores its strong relative performance. However, the mixed technical signals and liquidity constraints suggest that while the company is on a recovery path, investors should remain mindful of underlying structural challenges. The coming weeks will be critical in determining whether this momentum can be sustained or if caution will prevail amid sector headwinds and financial risks.
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