Recent Price Movement and Market Context
Zee Entertainment’s share price closed at ₹98.05, down by 0.36% on the day, continuing a five-day losing streak that has seen the stock decline by 2.39% over the past week. This contrasts sharply with the broader Sensex, which gained 0.79% in the same period. The stock’s weakness is further underscored by its position below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook. Investor participation has also waned, with delivery volumes on 20 Nov falling by nearly 31% compared to the five-day average, indicating reduced buying interest.
Long-Term Underperformance Against Benchmarks
Over longer horizons, Zee Entertainment’s stoc...
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