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CLSA on ZEE

At its corporate governance low, Zee’s stk traded at 8x PE (in 1HFY03) but it subsequently rerated to 14x

At bedrock 8x PE stk would have to fall https://t.co/gQuEZyGaM2 180

Lower TP to Rs 290 from Rs 450, based on new 13x PE

Reiterate BUY

#ZEEL