The period given by the analyst is Intra Day when the price of Zee Entertainment Enterprises Ltd. can achieve the defined goal. .
Zee Entertainment Enterprises Ltd., incorporated in 1982, is a large cap company (with a market capitalization of Rs 30,448.35 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.
For the quarter ended 30-06-2021, the company reported total consolidated income of Rs 1,808.56 crore, down -8.86% from last quarter total income of Rs 1,984.39 crore and in 35.13% increase over last year same quarter total income of Rs 1,338.41 crore. The company reported net profit after tax of Rs 208.77 Crore in the last quarter.
Justification of the investment
The stock broke a sideways consolidation on good volumes triggering a resumption of the uptrend. Additionally, the RSI also turned higher after taking support at the 60 level after a positive reversal pattern formed suggesting strength.
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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