Buy Zee Entertainment Enterprises, target price Rs 264: Kotak Securities

Kotak Securities has buy call on Zee Entertainment Enterprises with a target price of Rs 264. The current market price of Zee Entertainment Enterprises is Rs 255.25.

Time period given by analyst is Intra Day 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 24531.57 Crore) operating in Media & Entertainment sector.


Zee Entertainment Enterprises Ltd. key Products/Revenue Segments include Income From Advertisement, Subscription Income, Television Content, Transmission Revenue, Other Operating Revenue and Commission for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2361.17 Crore, up 10.83 % from last quarter Total Income of Rs 2130.44 Crore and up 18.99 % from last year same quarter Total Income of Rs 1984.39 Crore. Company reported net profit after tax of Rs 181.95 Crore in latest quarter.

Investment Rationale
After a strong range breakout, stock is consistently holding higher bottom formation on intraday charts.

Promoter/FII Holdings
Promoters held 3.99 per cent stake in the company as of 31-Mar-2022, while FIIs owned 47.86 per cent, DIIs 24.18 per cent.