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Buy Zee Media Corporation Ltd. target Rs 48.0 : Dharmesh Shah

Buy Zee Media Corporation Ltd. at a price target of Rs 48.0 and a stoploss at Rs 40 from entry point.

ETMarkets.com|
Nov 28, 2017, 11.31 AM IST
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Dharmesh Shah of ICICI Direct has buy call on Zee Media Corporation Ltd. with a target price of Rs 48.0 . The current market price of Zee Media Corporation Ltd. is Rs 44.1 Time period given by analyst is Intra Day when Zee Media Corporation Ltd. price can reach defined target. Dharmesh Shah recommended to keep stoploss at Rs 40
Zee Media Corporation Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 2017.33 Crore) operating in Service sector.

Zee Media Corporation Ltd. key Products/Revenue Segments include Income From Advertisement which contributed Rs 335.49 Crore to Sales Value (86.00 % of Total Sales), Subscription Income which contributed Rs 47.94 Crore to Sales Value (12.29 % of Total Sales), Television Programs which contributed Rs 6.58 Crore to Sales Value (1.68 % of Total Sales) and Other Operating Revenue which contributed Rs .05 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2017, the company has reported a Consolidated sales of Rs 124.60 Crore, up 8.86 % from last quarter Sales of Rs 114.45 Crore and up .32 % from last year same quarter Sales of Rs 124.20 Crore Company has reported net profit after tax of Rs 5.41 Crore in latest quarter. The company’s top management includes Dr.(Mrs.)Rashmi Aggarwal, Mr.Jagdish Chandra, Mr.Rajiv Singh, Mr.Surjit Banga, Mrs.Kanta Devi Allria, Mrs.Uma Mandavgane. Company has MGB & Co. LLP as its auditoRs As on 30-09-2017, the company has a total of 470,789,505 shares outstanding.
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