Buy Zee Entertainment Enterprises, target price Rs 254: ICICI Securities

ICICI Securities has buy call on Zee Entertainment Enterprises with a target price of Rs 254. The current market price of Zee Entertainment Enterprises Ltd. is Rs 213.25. Time period given by analyst is one year when Zee Entertainment Enterprises Ltd. price can reach defined target.

Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 20564.40 Crore) operating in Media & Entertainment sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1984.39 Crore, down -28.02 % from last quarter Total Income of Rs 2756.93 Crore and down -.37 % from last year same quarter Total Income of Rs 1991.74 Crore. Company reported net profit after tax of Rs 272.31 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 4 per cent stake in the company as of March 31, 2021, while FIIs held 64.2 per cent, DIIs 12.6 per cent and public and others 19.3 per cent.