Zee Entertainment share price: Buy Zee Entertainment Enterprises, target price Rs 365: Motilal Oswal

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Chandan Taparia of Motilal Oswal Securities has a invest in simply call on Zee Enjoyment Enterprises Ltd. with a concentrate on cost of Rs 365. The present-day rate of Zee Leisure Enterprises Ltd. is Rs 341.55. Chandan Taparia recommends to preserve a stoploss at Rs 330.

Zee Enjoyment Enterprises Ltd., included in the calendar year 1982, is a Substantial-Cap enterprise (with a current market cap of Rs 32767.99 Crore) functioning in Media & Entertainment sector.

Zee Entertainment Enterprises Ltd. crucial Solutions/Income Segments contain Earnings From Advertisement, Membership Cash flow, Television Written content, Transmission Revenue, Other Operating Earnings and Commission for the 12 months ending 31-Mar-2021.


Investment Rationale


The stock is trending upwards with amplified volumes and earning higher highs from the last three weeks.


Financials


For the quarter finished 30-09-2021, the company has described a Consolidated Complete Money of Rs 2010.47 Crore, up 11.16 % from last quarter Complete Earnings of Rs 1808.56 Crore and up 14.19 % from last year similar quarter Full Income of Rs 1760.61 Crore. Organization has noted web income after tax of Rs 266.04 Crore in hottest quarter.


Promoter/FII Holdings


Promoters held 3.99 for every cent stake in the firm as of 30-Sep-2021, while FIIs owned 57.18 for every cent, DIIs 15.98 per cent.

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