Zee Entertainment share price: Buy Zee Entertainment Enterprises, target price Rs 365: Motilal Oswal
Robert D. Thompson
2 min read
Zee Entertainment Enterprises Ltd., incorporated in 1982, is a large cap company (with a market capitalization of Rs 32767.99 Crore) operating in the media and entertainment industry.
The main product / revenue segments of Zee Entertainment Enterprises Ltd. include advertising revenue, subscription revenue, television content, transmission revenue, other operating revenue and commissions for the year ending March 31, 2021.
Justification of the investment
The stock is trending higher with increased volumes and higher highs over the past three weeks.
Finance
For the quarter ended 30-09-2021, the company reported consolidated total income of Rs 2010.47 crore, up 11.16% from last quarter in total income of Rs 1808.56 crore and up 14 , 19% compared to same quarter last year Total income of Rs 1760.61 crore. The company reported net profit after tax of Rs 266.04 Crore in the last quarter.
Promoter / FII Holdings
The promoters held 3.99% of the company’s capital as of September 30, 2021, while the FIIs held 57.18% and the DII 15.98%.
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