Zee Entertainment may hit Rs 348 by next qtr: Aashish Tater

Aashish Tater of fortunewizard.com told CNBC-TV18, "Zee Entertainment Enterprises posted superb set of results. At current price we feel this has got at least 10-12 percent upside from current level. What is interesting is that markets was concerned over its new launches- &Pictures and &TV channels but we feel that Zee will be able to grow at much faster pace than its peers.""At current level, we feel this is relatively undervalued and has got upside. Even on results front, all the segment have been doing very well. We feel target of Rs 348 by next quarter is likely achievable. So from that angle we feel this is one stock which has made a good bottom from technical perspective and is ready for an upmove," he said.