Penny stock below Rs 20: Promoter bought 1,43,00,000 shares via open market; Details inside!
The stock is up 26.32 per cent from its 52-week low of Rs 10.60 per share.
On Friday, shares of Zee Media Corporation Limited gained 0.53 per cent to Rs 13.39 per share from its previous closing of Rs 13.32 per share. The stock’s 52-week high is Rs 26.29 per share and its 52-week low is Rs 10.60 per share.
AUV Innovations LLP, a promoter group company, has acquired a significant stake in Zee Media Corporation Limited through open market transactions. In June 2025, the firm purchased 1,11,00,000 shares. This follows earlier acquisitions in May 2025, where AUV Innovations LLP bought 2,40,000 shares on May 16 and an additional 29,60,000 shares on May 19. Cumulatively, the promoter has acquired a total of 14,300,000 shares through these open market transactions.
Zee Media, established in 1999, is a leading Indian media house with 15 channels covering global, national, and regional news. Zeenews.com reaches over 280 million users in nine languages, and its flagship Hindi channel, Zee News, is a top performer. Zee Business leads in Hindi business news, and numerous regional channels maintain top rankings and high engagement. Their digital platforms further enhance their broad reach.
Zee News achieved the 3rd position in its category with a 9.6 per cent market share and a strong reach of 53.96 million viewers, highlighted by initiatives like the "Zee Real Heroes Awards 2025" and the "Unveiling India Quiz." Zee Business maintained its dominance in the Hindi business news segment with a 70.4 per cent market share, launching the "Kona Kona Investor" series with Kotak Neo. Regional channels also demonstrated robust performance, with Zee 24 Kalak, Zee Bihar Jharkhand, Zee Rajasthan, Zee Madhya Pradesh Chhattisgarh, Zee Delhi NCR Haryana, and Salaam TV all holding leading market positions in their respective regions. The digital portfolio continued its strong growth, reaching 1.8 billion pageviews in Q4-FY25 and ranking 3rd in the overall news and information category according to ComScore.
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According to Quarterly Results (Q4FY25), the company reported net sales of Rs 156 crore and a net loss of Rs 37 crore while in its half-yearly results (H2FY25), the company reported net sales of Rs 315 crore and a net loss of Rs 59 crore. Looking at its annual results (FY24), the company reported net sales of Rs 622 crore and a net loss of Rs 119 crore. The company has reduced its debt to Rs 174 crore in March 2025 compared to March 2024.
In March 2025, FIIs bought 97,63,222 shares and increased their stake to 13.65 per cent compared to December 2024. The company has a market cap of over Rs 800 crore. The stock is up 26.32 per cent from its 52-week low of Rs 10.60 per share.
Disclaimer: The article is for informational purposes only and not investment advice.