Shares of Zee Media Corp., a small‑cap media company, rose about 2% on Friday after its promoter‑linked investor AUV Innovations bought more shares in the open market.
Promoter Group Increases Holding
AUV Innovations, which already owned roughly 7% of Zee Media, purchased an additional 2.42% stake, taking its total holding to about 9.4%.
- Shares bought: 1,51,15,614 (≈2.42% of the company)
- Previous holding: 6.99%
- New holding: 9.41%
Share Price Moves
The stock, trading under ₹10, hit a high of ₹9.67, marking its third consecutive day of gains. In the past two weeks the price is up around 7%.
However, over longer periods the stock remains volatile. It has fallen about 50% in the last year and 47% over the past 12 months.
Company Financial Snapshot
For the second quarter of FY 2025‑26, Zee Media reported a loss of ₹15.5 crore, a big improvement from the ₹49.86 crore loss a year earlier. Revenue grew to ₹178.7 crore from ₹130.7 crore year‑on‑year.
What This Means for Retail Investors
When a promoter or a domestic institutional investor (DII) buys more shares, it is often seen as a vote of confidence. That can attract other buyers, especially in low‑priced “penny” stocks.
Still, investors should remember that penny stocks can swing sharply and past performance is not a guarantee of future gains.
Remember, this is perspective, not a prediction. Do your own research and consider consulting a certified financial advisor before making any decisions.