Sell Zee Entertainment With Target Of Rs 292

Sell Zee Entertainment With Target Of Rs 292Stock market analyst Hemen Kapadia has maintained 'sell' rating on Zee Entertainment Enterprises Ltd stock with intraday target of Rs 292.

According to analyst, the investors can sell the stock at Rs 298 with stop loss of Rs 301.

The shares of the company, on June 24, closed at Rs 293.55 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 314.70 and a low of Rs 163 on BSE.

Current EPS & P/E ratio stood at 11 and 26.35 respectively.

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

It is an arm of Essel Group.

Presently, Zee runs over 15 different TV channels together with a cable company SitiCable, a record label Zee Records, a production company as well as other businesses.

Since its launch in October 1992, Zee has become one of the leading players in Indian TV. It has strengthened its operations in the foreign market, with majority of its channels available in the UK and U. S. in addition to Africa and Asia.

At present, Zee Entertainment runs the following TV channels including 9X, Zee TV, Zee Cinema, Zing, Zee Sports, Zee Smile, Zee salaam, TEN Sports, Zee Premiere, Zee Action, Zee Classic, Zee Smile, Zee Jagran, Zee Trendz, Zee Café, Zee Studio, Zee Aflam, Zee Telugu, Zee Bangla, Zee Kannada, Zee Marathi, Zee Talkies, Zee Punjabi, Akash bangle, ETC Panjabi, ETC and Zee Tamil.

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