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

Yes Securities has buy call on Zee Entertainment Enterprises with a target price of Rs 375. The current market price of Zee Entertainment Enterprises is Rs 341.1.

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 32748.78 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 30-09-2021, the company reported a 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 % from last year same quarter Total Income of Rs 1760.61 Crore. Company reported net profit after tax of Rs 266.04 Crore in latest quarter.

Investment Rationale
The stock has broken out from a consolidation range triggering resumption of uptrend. Further, the RSI indicator has also turned higher from the 40-level i.e. lower end of the bull zone, confirming strength in the stock

Promoter/FII Holdings
Promoters held 3.99 per cent stake in the company as of 30-Sep-2021, while FIIs owned 57.18 per cent, DIIs 15.98 per cent.