Promoter bought 50,00,000 shares: Penny stock under Rs 20 zooms over 5% from day’s low

On Monday, shares of Zee Media Corporation Limited zoomed 5.84 per cent to Rs 13.22 per share from its intraday low of Rs 12.49 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. The company has a market cap of over Rs 800 crore. The stock is up 24.72 per cent from its 52-week low of Rs 10.60 per share.

Zee Media, an established Indian media house, operates numerous channels delivering global, national, and regional news. Its digital platform, Zeenews.com, connects with a vast audience across multiple languages. The flagship Hindi news channel, Zee News, is a strong performer, supported by initiatives like the "Zee Real Heroes Awards" and the "Unveiling India Quiz." Zee Business leads the Hindi business news segment and has also launched the "Kona Kona Investor" series. Several of their regional channels, including Zee Kalak, Zee Bihar Jharkhand, Zee Rajasthan, Zee Madhya Pradesh Chhattisgarh, Zee Delhi NCR Haryana, and Salaam TV, also hold top positions in their respective markets, showcasing the company's broad and impactful reach across India.

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According to Quarterly Results (Q1FY26), the company reported net sales of Rs 182.36 crore, operating profit of Rs 19.78 crore and a net loss of Rs 8.81 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 September 2025, the promoter of Zee Media Corporation Limited, AUV Innovations LLP, bought 50,00,000 shares worth Rs 6,18,74,282 via the open market as per the BSE exchange.

Disclaimer: The article is for informational purposes only and not investment advice.