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Buy Zee Entertainment; target Rs 515: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on Zee Entertainment with a target price of Rs 515. The current market price of Zee Entertainment is Rs 494.3.

Time period given by analyst is Intra Day when Zee Entertainment price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 485. Zee Entertainment Enterprises, incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 48277.85 Crore) operating in Service sector.

Zee Entertainment Enterprises key Products/Revenue Segments include Income From Advertisement which contributed Rs 3864.00 Crore to Sales Value (66.67 per cent of Total Sales), Subscription Income which contributed Rs 1541.00 Crore to Sales Value (26.58 per cent of Total Sales), Television Content which contributed Rs 261.20 Crore to Sales Value (4.50 per cent of Total Sales), Commission which contributed Rs 80.40 Crore to Sales Value (1.38 per cent of Total Sales), Transmission Revenue which contributed Rs 42.00 Crore to Sales Value (0.72 per cent of Total Sales) and Other Operating Revenue which contributed Rs 7 Crore to Sales Value (0.12 per cent of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 1975.86 Crore, up 11.50 per cent from last quarter Sales of Rs 1772.03 Crore and up 24.89 per cent from last year same quarter Sales of Rs 1582.05 Crore Company has reported net profit after tax of Rs 385.92 Crore in latest quarter. The companys 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.

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