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

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 32748.78 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.

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 total income of Rs 1808.56 Crore and up 14 , 19% compared to the total income for the same quarter of last year of Rs 1760.61 Crore. The company reported net profit after tax of Rs.266.04 crore in the last quarter.

Justification of the investment
The stock broke out of a consolidation range triggering a resumption of the uptrend. In addition, the RSI indicator has also moved higher from the 40 level which is the lower end of the bullish zone, confirming the strength of the stock.



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%.