Buy Zee Entertainment at lower levels: Manghnani

Manghnani told CNBC-TV18, "From a monthly perspective after long time Zee Entertainment Enterprises has shown some breakout on the momentum indicators. I think it is pulling back, which gives us an opportunity to buy maybe from Rs 139 all the way to Rs 135-134 and keep a stop below that. I do know that Rs 151 is the major hurdle for this stock but I think long-term it is setting up for something better."

The company's trailing 12-month (TTM) EPS was at Rs 5.92 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 23.78. The latest book value of the company is Rs 31.39 per share. At current value, the price-to-book value of the company was 4.48. The dividend yield of the company was 1.07%.