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Zee Entertainment Enterprises Ltd, Chennai Petroleum Corporation Ltd, Avantel Ltd and Mangalore Refinery And Petrochemicals Ltd are among the other gainers in the BSE's 'A' group today, 23 June 2025.
Ideaforge Technology Ltd spiked 10.00% to Rs 631.65 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.62 lakh shares were traded on the counter so far as against the average daily volumes of 1.08 lakh shares in the past one month.
Zee Entertainment Enterprises Ltd soared 9.78% to Rs 145.95. The stock was the second biggest gainer in 'A' group. On the BSE, 42.97 lakh shares were traded on the counter so far as against the average daily volumes of 7.61 lakh shares in the past one month.
Chennai Petroleum Corporation Ltd surged 6.55% to Rs 674.1. The stock was the third biggest gainer in 'A' group. On the BSE, 1.56 lakh shares were traded on the counter so far as against the average daily volumes of 78918 shares in the past one month.
Avantel Ltd advanced 6.29% to Rs 164.75. The stock was the fourth biggest gainer in 'A' group. On the BSE, 7.41 lakh shares were traded on the counter so far as against the average daily volumes of 7.97 lakh shares in the past one month.
Mangalore Refinery And Petrochemicals Ltd gained 5.67% to Rs 142.65. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.19 lakh shares were traded on the counter so far as against the average daily volumes of 2.6 lakh shares in the past one month.
As of March 2025, ZEEL's cash and cash equivalents stood at Rs 2,406 crore. The board has also approved the issuance of fully convertible warrants worth Rs 2,237 crore. Once fully converted, the promoter stake is expected to increase to 18.39%, subject to shareholder approval at the extraordinary general meeting scheduled for 10 July 2025.
The company said the proposed increase in promoter holding reflects long-term confidence in ZEEL's strategy and outlook. It also aims to create a robust cash reserve to effectively respond to competitive pressures and potential shifts in the market.
Despite a smaller scale compared to Peer-1, ZEEL remains one of the most profitable networks, reporting a 14.4% EBITDA margin in FY25. The company incurred a Rs 548 crore EBITDA loss in its digital platform Zee5 for the same period but aims to achieve breakeven in FY26.
ZEEL currently operates over 90 TV channels and has a content library comprising more than 265,000 hours of general entertainment and 6,850 movie titles. Its OTT platform, Zee5, features over 300 original titles.
ZEEL has outlined a clear roadmap for its next phase of growth, with a sharp focus on expanding its content and digital offerings. The company plans to venture into emerging formats such as micro-dramas, edutainment, live events, and user-generated content, aiming to capture a wider and more diverse audience base. Alongside this, it is looking to diversify its content across both short- and long-form formats to better cater to changing viewer preferences.
A key part of the strategy involves strengthening its digital ecosystem while staying anchored to its core strength, content creation. ZEEL also emphasized the importance of maintaining a strong balance sheet and remains open to exploring acquisition opportunities that align with its long-term goals.
The company reiterated its goal to deliver scalable and value-accretive growth initiatives that enhance profitability over the next three years. ZEEL is targeting to surpass its historical peak EPS of Rs 16.5, last recorded in FY19.
ZEEL is a leading content and technology powerhouse, seamlessly blending its rich legacy with pioneering innovation to deliver cutting-edge entertainment experiences. ‘Z’ brings diverse stories to life through linear television, digital platforms, movies and music across languages.
The company reported a consolidated net profit of Rs 188.4 crore in Q4 FY25, significantly higher than the PAT of Rs 13.4 crore in Q4 FY24. Net sales rose 0.65% year-over-year (YoY) to Rs 2184.1 crore during the period under review.
Pharma, auto and consumer durables shares declined while realty, media and PSU Bank shares advanced.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 165.48 points or 0.20% to 81,630.67. The Nifty 50 index fell 66.55 points or 0.26% to 24,880.30.
In the broader market, the S&P BSE Mid-Cap index rose 0.02% and the S&P BSE Small-Cap index fell 0.18%.
The market breadth was positive. On the BSE, 1,436 shares rose and 1,348 shares fell. A total of 174 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth 2,539.42 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,780.96 crore in the Indian equity market on 16 June 2025, provisional data showed.
Stocks in Spotlight:
Zee Entertainment Enterprises advanced 1.52% after the company’s board approved the proposal to raise Rs 2,237 crore from promoter entities via issuing 16.95 crore warrants at issue price of Rs 132 per share. The warrants are proposed to be allotted to Altillis Technologies and Sunbright Mauritius Investments.
Biocon shed 0.92%. The company’s board approved the issuance of qualified institutional placement (QIP) of Rs 4,500 crore at floor price of Rs 340.20 per equity share.
Hikal rose 0.51%. The company has successfully passed the Brazilian Health Regulatory Agency’s (ANVISA) GMP audit for its manufacturing unit located at Jigani in Bengaluru, Karnataka. The inspection, carried out by ANVISA, Brazil GMP (good manufacturing practices), was for multiple API’s which occurred from April 14th to April 18th, 2025.
Numbers to Track:
The yield on India's 10-year benchmark federal paper fell 0.22% to 6.257 from the previous close of 6.270.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.8900 compared with its close of 86.0450 during the previous trading session.
MCX Gold futures for 5 August 2025 settlement fell 0.29% to Rs 98,850.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 98.17.
The United States 10-year bond yield shed 0.49% to 4.430.
Global Markets:
US Dow Jones futures were down 133 points, signaling a weak start for Wall Street.
Asian shares were a mixed bag on Tuesday as investors kept a close watch on the simmering Israel-Iran tensions.
All eyes are now on the Bank of Japan, which is set to announce its policy decision later in the day. Expectations are that the BOJ will hold interest rates steady at 0.5%, opting for caution amid a murky global trade outlook.
Back in the US, Wall Street closed in the green overnight. Hopes for a de-escalation in the Middle East boosted sentiment, with the Dow Jones climbing 0.75%, the S&P 500 gaining 0.94%, and the Nasdaq leading the rally with a 1.52% jump.
On the corporate front, Roku shares popped after the company unveiled a new exclusive partnership with Amazon Ads. The deal is set to create the largest authenticated Connected TV (CTV) footprint in the US, a major win in the growing streaming ad market.
Meanwhile, the US Federal Reserve begins its two-day meeting today. While interest rates are widely expected to remain unchanged at around 4.5%, the spotlight will be on any hints of a pivot to rate cuts, especially as inflation cools and growth shows signs of fatigue.
Across the border, G7 leaders are gathering in Canada this week. The mood might be tense, with US President Donald Trump’s tariffs on allied imports casting a shadow. Canadian PM Mark Carney has promised a push for peace and stability but hinted at potential retaliatory tariffs if Washington doesn’t ease up on its steel and aluminum duties.