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.
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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