Bengaluru, June 10 -- The shares of this leading entertainment stock surged over 6 percent on Tuesday after the company announced that it had entered into a partnership with content start-up Bullet to launch India's first Micro-Drama app.

With a market capitalization of Rs 12,621 crores, the shares of Zee Entertainment Enterprises Ltd are currently trading at Rs 131 per share, down by 22.34 percent from its 52-week high of Rs 168.70 per share. Over the past five years, the stock has delivered a negative return of 21.81 percent.

ZEE Entertainment has entered into a strategic association with an upcoming start-up, Bullet, co-founded by Azim Lalani and Saurabh Kushwah. Bullet is India's first micro-drama application, which will provide sho...