Buy Zee Entertainment, target Rs 420: Yogesh Mehta

Yogesh Mehta of Motilal Oswal Securities told CNBC-TV18, "On a technical set up Zee Entertainment is a low volatility stock but closing was Rs 401 which is showing a good sign for ongoing set up for bullish pattern. So we are looking at Zee as a buy and Rs 401 is a current market price. Keeping a stop loss at Rs 391 we are looking at Rs 420 as a price target."At 09:33 hrs Zee Entertainment Enterprises was quoting at Rs 403.60, up Rs 2.05, or 0.51 percent. It has touched an intraday high of Rs 403.90 and an intraday low of Rs 400.90.