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    Neutral on Zee Entertainment, target price Rs 250: Motilal Oswal

    Synopsis

    Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 21683.39 Crore) operating in Media & Entertainment sector.

    ZEEShutterstock.com
    Promoters held 4 per cent stake in the company as of June 30, 2020, while FIIs held 65.8 per cent, DIIs 12.2 and public and others 18.1 per cent.
    Motilal Oswal has neutral call on Zee Entertainment Enterprises with a target price of Rs 250. The current market price of Zee Entertainment Enterprises Ltd. is Rs 224.85.

    Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 21683.39 Crore) operating in Media & Entertainment sector.

    Financials
    For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1722.70 Crore, up 31.30 % from last quarter Sales of Rs 1312.03 Crore and down -18.82 % from last year same quarter Sales of Rs 2122.01 Crore Company reported net profit after tax of Rs 93.33 Crore in latest quarter.
    ZEE

    Investment Rationale
    The stock has seen good returns in the recent past. Going forward, earnings recovery in the near term should support the stock. However, for multiple re-ratings, an improving margin outlook and balance sheet stability would prove key

    Promoter/FII Holdings
    Promoters held 4 per cent stake in the company as of June 30, 2020, while FIIs held 65.8 per cent, DIIs 12.2 and public and others 18.1 per cent.




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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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