Buy Zee Entertainment Enterprises, target price Rs 375 : Yes Securities

Yes Securities has a buy call on Zee Entertainment Enterprises with a target price of Rs.375. The current market price of Zee Entertainment Enterprises is Rs 341.1.

price can reach its target. Its timing is intraday.

Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 32748.78 Crore) operating in Media & Entertainment sector.

Zee Entertainment Enterprises Ltd. The major products/revenue segments of the Company include advertising revenue, subscription income, television content, transmission revenue, other operating revenue and commissions for the year ending 31-March-2021.

financial situation

For the quarter ended 30-09-2021, the Company reported Consolidated Total Income of Rs.2010.47 crores, up 11.16% from previous quarter’s total income of Rs.1808.56 crores and 14.19% up from Rs.1760.61 crores for the corresponding quarter last year. is above. Company has reported Net Profit after Tax of Rs 266.04 Crore in latest quarter.

investment logic
The stock has broken above a consolidation range which has triggered the resumption of the uptrend. Besides, the RSI indicator has also risen above the 40-level i.e. the lower end of the bull zone, which confirms the strength of the stock.

Promoter/FII Holdings
As of 30-September-2021, promoters held 3.99 per cent stake in the company, while FIIs held 57.18 per cent, DIIs 15.98 per cent.

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