Buy Zee Entertainment For Target Rs 292

Buy Zee Entertainment For Target Rs 292Technical Analyst Sanjay Surekha has maintained 'buy' rating on Zee Entertainment Enterprises Ltd stock to achieve an intraday target of Rs 292.

According to analyst, the investors can buy the stock with stop loss of Rs 280.

The stock of the company, on May 28, closed at Rs 283.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 314.70 and a low of Rs 158 on BSE.

Current EPS & P/E ratio stood at 11 and 25.53 respectively.

Zee Entertainment Enterprises Ltd is the country's biggest media and entertainment company.

It is a division of Essel Group.

Chairman, Managing Director and Founder of Zee Entertainment is Subhash Chandra and its Chief Executive Officer is Puneet Goenka.

Presently, Zee runs more than 15 different TV channels, a cable company SitiCable, a record label Zee Records, a production company and many other businesses.

Zee, which was introduced in the year 1992, has strengthened its operations in the foreign market, with several of its channels available in the UK and U. S. as well as Africa and Asia.

In 2002, Zee Ent bought a majority equity stake (51%) in ETC Networks. In 2006, they got hold of Integrated Subscriber Management Services Ltd and in November same year, Zee bought a 50% interest in Taj television TEN Sports. In FEb 2010 Zee Entertainment Enterprises bought an added equity stake (95%) in TEN sports .