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Sell ZEEL, target price Rs 225: Abhijit Pathak

Abhijit Pathak recommended to keep stoploss at Rs 245.

ETMarkets.com|
Updated: Oct 30, 2019, 09.07 AM IST
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Sell-13
Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (cap of Rs 224188.72 Crore) operating in Auto sector.
Abhijit Pathak of Definedge Solutions has sell call on Zee Entertainment Enterprises Ltd. with a target price of Rs 225.0 . The current market price of Zee Entertainment Enterprises Ltd. is Rs 236.45 Abhijit Pathak recommended to keep stoploss at Rs 245
Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 22710.59 Crore) operating in Media & Entertainment sector.

Zee Entertainment Enterprises Ltd. key Products/Revenue Segments include Income From Advertisement which contributed Rs 4690.20 Crore to Sales Value (68.39 % of Total Sales), Subscription Income which contributed Rs 1810.00 Crore to Sales Value (26.39 % of Total Sales), Television Content which contributed Rs 254.50 Crore to Sales Value (3.71 % of Total Sales), Commission which contributed Rs 53.60 Crore to Sales Value (0.78 % of Total Sales), Transmission Revenue which contributed Rs 43.10 Crore to Sales Value (0.62 % of Total Sales) and Other Operating Revenue which contributed Rs 6.50 Crore to Sales Value (0.09 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2122.01 Crore, up 5.67 % from last quarter Sales of Rs 2008.12 Crore and up 7.40 % from last year same quarter Sales of Rs 1975.86 Crore Company has reported net profit after tax of Rs 413.29 Crore in latest quarter. The company’s top management includes Dr.Subhash Chandra, Mr.Adesh Kumar Gupta, Mr.Ashok Kurien, Mr.Manish Chokhani, Mr.Punit Goenka, Mr.Subodh Kumar, Prof.Neharika Vohra, Prof.Sunil Sharma. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 960,481,765 shares outstanding.

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