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Zee Entertainment share price: Buy Zee Entertainment Enterprises, target price Rs 365: Motilal Oswal

Chandan Taparia of Motilal Oswal Securities has a buy call on Zee Entertainment Enterprises Ltd. with a target price of Rs 365. The current price of Zee Entertainment Enterprises Ltd. is Rs 341.55. Chandan Taparia recommends to keep a stoploss at Rs 330.

Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large-Cap company (with a market cap of Rs 32767.99 Crore) operating in Media & Entertainment sector.

Zee Entertainment Enterprises Ltd. key Products/Revenue Segments include Income From Advertisement, Subscription Income, Television Content, Transmission Revenue, Other Operating Revenue and Commission for the year ending 31-Mar-2021.



Investment Rationale


The stock is trending upwards with increased volumes and making higher highs from the last three weeks.


Financials


For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 2010.47 Crore, up 11.16 % from last quarter Total Income of Rs 1808.56 Crore and up 14.19 % from last year same quarter Total Income of Rs 1760.61 Crore. Company has reported net profit after tax of Rs 266.04 Crore in latest quarter.


Promoter/FII Holdings


Promoters held 3.99 per cent stake in the company as of 30-Sep-2021, while FIIs owned 57.18 per cent, DIIs 15.98 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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