Buy Zee Entertainment Enterprises, target price Rs 370: JM Financial

JM Financial has buy call on Zee Entertainment Enterprises with a target price of Rs 370. The current market price of Zee Entertainment Enterprises is Rs 278.6. 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 26678.43 Crore) operating in Media & Entertainment sector.

Zee Entertainment Enterprises Ltd. key Products/Revenue Segments include Income From Advertisement, Subscription Income, Theatrical Exhibition, Television Content, Transmission Revenue, Commission and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1879.53 Crore, down -20.40 % from last quarter Total Income of Rs 2361.17 Crore and up 3.92 % from last year same quarter Total Income of Rs 1808.56 Crore. Company reported net profit after tax of Rs 106.52 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 3.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 39.18 per cent, DIIs 30.53 per cent.