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Zee Share Price: Buy Zee Entertainment Enterprises, target price Rs 280: Anand Rathi

Anand Rathi has buy call on Zee Entertainment Enterprises with a target price of Rs 280. The current market price of Zee Entertainment Enterprises is Rs 235.05. Time period given by analyst is six months when Zee Entertainment Enterprises Ltd. price can reach defined target.

Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 22730.60 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.

Financials

For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2130.44 Crore, up 5.97 % from last quarter Total Income of Rs 2010.47 Crore and down -22.72 % from last year same quarter Total Income of Rs 2756.93 Crore. Company reported net profit after tax of Rs 298.91 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 3.99 per cent stake in the company as of 31-Dec-2021, while FIIs owned 52.21 per cent, DIIs 20.86 per cent.

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