ZEE STOCK TARGET
Zee Entertainment gets shareholders' nod to raise upto Rs 2,000 crore via issue of securities
Zee's share price has steadily declined following the collapse of its planned $10 billion merger with Sony Group. After two years of negotiations, the Japanese firm made multiple filings with India's National Company Law Tribunal (NCLT) to withdraw from the deal, causing a significant setback for Zee.
ZEE MD & CEO Goenka acquires majority stake in Maverick Media in personal capacity
Punit Goenka's investment in Maverick Media aims to revive single-screen cinemas in underserved tier II and tier III cities across India. Goenka emphasised the immense potential of these markets and the importance of reviving this infrastructure to expand the reach of cinema.
NCLT allows Zee to withdraw its merger implementation application
NCLT allows ZEE Entertainment Enterprises Limited to withdraw its implementation application related to the merger deal with Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment.
Amfi stock classification: Multibagger midcaps NHPC, BHEL, 5 others likely to turn largecaps
Existing largecaps likeICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Polycab India, SRF, Marico, SBI Cards & Payment Services and Berger Paints are likely to lose their tags.
Sanjiv Bhasin picks top stocks that may outperform in near term
We think the market has retraced very sharply, more sharply than we thought. This is not the time to be too brave, be watchful of what stocks you buy. ABFRL was a darling stock, in the last three days it is up 30%, so has been AB Capital and Vodafone. We think that group is being re-rated. Look for any opportunities to buy.
Zee’s finances on the mend, still wait for bigger picture
Zee’s consolidated revenue grew by 10% year-on-year to Rs 2,170 crore in the March 2024 quarter. This was 8% higher than the street’s estimates. A large part of this growth was on account of 10% growth in the advertising revenue at Rs1,110 crore, beating the analysts’ estimates by 16%.
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Zee Entertainment Enterprises shares rise 3% as firm swings back to black in Q4
Zee Entertainment Enterprises experienced a nearly 3% increase in its share price to Rs 144.4 during Tuesday's trading session on the BSE, following the company's announcement of a profit of Rs 13 crore in the March quarter of FY24. This marks a significant turnaround from the loss of Rs 196 crore reported in the same period last year.
Buy Zee Entertainment Enterprises, target price Rs 170: JM Financial
Zee Entertainment Enterprises Ltd. key Products/Revenue Segments include Income From Advertisement, Subscription Income, Television Content, Theatrical Exhibition, Other Operating Revenue, Transmission Revenue and Commission for the year ending 31-Mar-2023.
ZEE Entertainment shares rally 5% after Q4 results. Should you buy, sell or hold?
ZEE Share Price: ZEEL swung back to profit in March quarter against loss a year ago. Its total income in the reporting quarter, too, increased 3% YoY to Rs 2,185 core. Goldman Sachs sees partial recovery in revenues as a positive sign.
ZEEL Q4 Results: Company reports profit of Rs 13 crore versus loss YoY; revenue rises 3%
ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.
GIFT Nifty rises 120 points; here's the trading setup for today's session
"We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
F&O stocks: SBI, Axis Bank among 5 stocks with long buildup
When a stock price moves up and the open interest on the counter follows the same, it is taken as a sign of a long buildup.
NSE drops ZEEL from F&O segment with effect from June 28
In February last year, NSE had excluded Zee from the F&O segment after the NCLT admitted an insolvency plea filed by IndusInd Bank against the company.
Bodhi Tree Multimedia stock soars on Netflix Deal, analysts predict Rs 450 price target in 1 year
Fueling the Fire: A Lucrative Partnership with Netflix BTML, a player in the film and entertainment industry, might already be familiar to viewers who have enjoyed their content on platforms like Netflix, Amazon, and Zee. However, the company's recent game-changer is a massive deal with Netflix.
60% of stocks in Vanguard's India portfolio lag in 2024
Vanguard's India stock portfolio struggled in 2024, with major laggards like Zee Entertainment. Despite setbacks, top performers like Indiabulls Real Estate and Tata Motors DVR show promising growth potential in Vanguard's diverse holdings.
Zee shares rally 3% despite negative news flow. Is it a dead cat bounce?
The upside comes in Zee stock after it ended Wednesday's session 15% lower after Bloomberg reported that Sebi had found that about $241 million (Rs 2,000 crore) might have been diverted by the company promoters.
Zee shares crash 10% after Sebi finds $241 million accounting issue
Zee share price: Zee Entertainment Enterprises shares plummeted due to a $241 million accounting issue and the failed merger with Sony. Sebi investigation into Zee founders revealed $241 million may have been diverted from the company, Bloomberg reported. Concerns over weak financials and corporate governance persist despite improved quarterly results.
Take some money off PSBs & get into 3 largecap private banks; bullish on 4 stocks in auto space: Sanjiv Bhasin
Sanjiv Bhasin advises investing in private banks like HDFC Bank and is optimistic about HDFC, ICICI, and Kotak. Zee Entertainment's merger talks are back on and he is hopeful that after pain, gain is going to be very much on the cards. Auto sector remains strong with top picks being Maruti, Bosch, Ashok Leyland, and Hero Moto.
Picture abhi baki hai! Zee shares rally 7% as Sony merger talks re-start
Shares of Zee Entertainment rally as talks for a merger with Sony Group are re-initiated after the cancelled $10 billion deal. Representatives from both sides have held meetings in Mumbai to salvage the deal. Several analysts had downgraded the stock and revised target prices earlier after the Sony-Zee merger fell through.
Zee shares in focus ahead of Q3 results today
The Subhash Chandra-promoted company had reported a 9% growth in its consolidated net profit for the July-September quarter at Rs 123 crore compared to Rs 113 crore in the same quarter last year. The operating revenue in Q2 rose 20% year-on-year (YoY) to Rs 2,437 crore.
ICICI Prudential MF dumps 2% ZEE stake following Sony-merger collapse
According to an exchange filing, I-Pru MF has sold 2.06 crore shares or 2.15% stake between January 20 and January 30 in a series of secondary market transactions. At the end of the December quarter, the fund house held a 7.25% stake in the company and post the stake sale, it has about 5.09%.
Zee shares bounce back 8%. Has the media stock bottomed out?
Zee Entertainment shares rallied today after Tuesday's crash. Traders expect potential deals following Sony's termination of the proposed merger with Zee. Zee has refuted Sony's claims and plans to explore legal options. The stock has faced de-ratings and sell calls due to pending investigations and weak performance. Challenges include subdued advertising business and competition in the subscription and OTT markets. Analysts have downgraded the stock and slashed earnings estimates. Zee's valuation is expected to de-rate back to 12x PE.
Zee shares plunge over 30% after Sony calls off merger
Top brokerages downgraded their ratings and cut target prices on the stock as analysts believe that the share price will be under pressure at least for now. The sell-off on Tuesday wiped off ₹7,285 crore in market capitalisation to ₹14,974.50 crore.
Zee shares crash 33% to record worst fall in history amid sell screams
Zee Entertainment shares hit the lower circuit as brokerages downgrade the stock after the cancellation of the merger with Sony. CLSA downgraded Zee to sell and mentioned the reported merger of Reliance and Disney Star as a competition. Nuvama and Elara also downgraded the stock, reducing the target price. Motilal Oswal downgraded Zee to neutral. Zee's near-term valuation is expected to stay suppressed due to uncertainties around its new strategy, litigation with Sony, and competition from digital media.
Bank Nifty in for correction; 2 pharma stocks to buy now: Meghana Malkan
Meghana Malkan believes Bank Nifty is undergoing a correction, with pressure from bears and support levels at 44,800 to 45,000. Particularly, HDFC Bank is experiencing a major decline. Candlestick patterns on weekly charts indicate pressure on PSU banks and private sector banks. In terms of trends, IT and pharma sectors are considered safe during market corrections. Sun Pharma shows a long-term breakout opportunity, while Lupin has broken previous resistance levels.
Hot Stocks: Brokerages view on Zee Entertainment, Paytm, Kotak Bank and ICICI Bank
Brokerage firm Jefferies maintained a buy call on ICICI Bank post-Q3 results, a hold rating on Kotak Mahindra Bank, and a buy rating on Paytm. CLSA downgraded Zee Entertainment to sell from a buy earlier.
Analysts recommend selling India's Zee after failed Sony merger
At least five brokerages said investors should sell Zee Entertainment's stock as the Indian broadcaster's failed $10 billion merger deal with Sony India raised concerns about its survival in an increasingly competitive industry.
Zee-Sony merger cancelled: CLSA downgrades Zee shares to sell
After Sony canceled a $10 billion mega-merger with its India unit and Zee Entertainment, global broking firm CLSA on Monday downgraded the stock to sell rating and warned investors that a valuation de-rating could be in the offing.
Zee Entertainment Enterprises, Deepak Nitrite among 5 stocks with top-long unwinding
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday's trading session, five stocks witnessed a top-long unwinding. Here's the list:
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