Buy Zee Entertainment; target of Rs 220: Anand Rathi

Anand Rathi 's research report on Zee Entertainment

The Zee stock has been an underperformer recently, falling ~40% in the last four months due to cash-flows and balance-sheet concerns. We believe management’s focus on cash-flow and cleaning the balance sheet is positive.

Outlook

At the ruling market price, the risk-reward is favourable. We maintain our Buy rating with new target price of `220.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More