Archive · 16 Sep 2026
Zee Entertainment Shares Rise 8% After Four-Day Losing Run
Zee Entertainment’s share price went up sharply during trading on Wednesday, 16 September.
It reached ₹83.62, about 8% above its previous closing price.
This happened after the shares had fallen for four days in a row.
The company’s stock has also dropped during September and August.
A tribunal paused an earlier repayment decision connected to founder Subhash Chandra and froze his assets.
One expert believes the stock is still in a long-term downward trend.
Another expert thinks investors could buy the shares, with possible targets of ₹86, ₹92, and ₹98 or more.
The two experts therefore have different views about whether the rise can continue.
Zee Entertainment shares rose as much as 8% to ₹83.62 on the BSE on 16 September.
The gain followed four consecutive losing sessions and recent declines of 14% in September and 19% in August.
The National Company Law Tribunal stayed an earlier order involving founder Subhash Chandra’s repayment plan and froze his assets.
One analyst said the stock remains in a structural downtrend, while another recommended buying with targets up to ₹98 or higher.
The stock is down 10% year to date and has traded between a 52-week low of ₹68.10 and a high of ₹121.75.
- Who
- Zee Entertainment, founder Subhash Chandra, the National Company Law Tribunal, and market analysts Vipin Kumar and Mahesh M Ojha.
- What
- Zee Entertainment shares rose 8% intraday after four days of losses, while analysts offered differing views on the stock’s outlook.
- When
- Wednesday, 16 September; the article also cites performance during September, August, and year to date.
- Where
- On the Bombay Stock Exchange (BSE).
- Why
- The rise reflected buying interest after a recent correction, although the stock has also been affected by concerns surrounding the tribunal’s action in Subhash Chandra’s insolvency case.
Bearish View
Buy View
Near-term direction
Bearish View
Vipin Kumar of Globe Capital Market said the stock remains in a persistent structural downtrend, with lower lows and lower highs and trading below key moving averages.
Buy View
Mahesh M Ojha of KC Securities maintained a buy view and gave targets of ₹86, ₹92, and ₹98 or higher.
Meaning of the rally
Bearish View
Kumar said short-term rallies are likely to be temporary pullbacks and selling opportunities until a bottom forms with strong volume.
Buy View
Ojha’s targets indicate that he expects the share price to rise beyond its recent intraday level, while using ₹74 as a stop loss.
Repayment-plan context
Bearish View
The tribunal’s decision to stay the earlier order and freeze Chandra’s assets contributed to the recent downtrend, according to the article’s context.
Buy View
The share-price rebound showed renewed buying interest despite the continuing uncertainty around the insolvency case.
- Intraday high
- ₹83.62
- Previous close
- ₹77.40
- September performance
- Down 14% so far
- August performance
- Down 19%
- Year-to-date performance
- Down 10%
- 52-week range
- Low of ₹68.10; high of ₹121.75
- Buy-view targets
- ₹86, ₹92, and ₹98+
- Buy-view stop loss
- ₹74