Sell Zee Entertainment With Stop Loss Of Rs 297

Sell Zee Entertainment With Stop Loss Of Rs 297Stock market analyst Hemen Kapadia is of the view that investors can 'sell' Zee Entertainment Ltd stock with intra-day target of Rs 288.

According to analyst, the interested investors can sell the stock at Rs 294 with stop loss of Rs 297.

Today, the shares of the bank opened at Rs 293.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 326 and a low of Rs 174.05 on BSE.

Current EPS & P/E ratio stood at 10.47 and 28.19 respectively.

Zee Entertainment Enterprises Ltd (ZEEL) has recorded an increase of 64% in the consolidated net profit for the three month period.

The company's consolidated during the said period stood at Rs 150 crore as compared to the same period previous fiscal.

For the first quarter, the company's consolidated net sales increased by 42.2% to Rs 677 crore on account of a 90.4% expansion in ad proceeds at Rs 377 crore.

Mr. Subhash Chandra, chairman, Zee Entertainment Enterprise, stated, "Our advertising revenue growth reflects the efficiency of our content business, across genres and across languages. Zee has a strong balance sheet and we look forward to growing our businesses both organically and inorganically."