Dr CK Narayan of Chart Advise has a buy call on Zee Entertainment Enterprises Ltd. with a target price of Rs 351. The current market price of Zee Entertainment Enterprises Ltd. is Rs 341.5 Time period given by analyst is Intra Day when Zee Entertainment Enterprises Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 335. Zee Entertainment Enterprises Ltd., incorporated in 1982, has a market cap of Rs 32800.45 crore.
Zee Entertainment Enterprises Ltd. key Products/Revenue Segments include Income From Advertisement which contributed Rs 4690.20 Crore to Sales Value (68.39 % of Total Sales), Subscription Income which contributed Rs 1810.00 Crore to Sales Value (26.39 % of Total Sales), Television Content which contributed Rs 254.50 Crore to Sales Value (3.71 % of Total Sales), Commission which contributed Rs 53.60 Crore to Sales Value (0.78 % of Total Sales), Transmission Revenue which contributed Rs 43.10 Crore to Sales Value (0.62 % of Total Sales) and Other Operating Revenue which contributed Rs 6.50 Crore to Sales Value (0.09 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 2008.12 Crore, down -.55 % from last quarter Sales of Rs 2019.27 Crore and up 13.32 % from last year same quarter Sales of Rs 1772.03 Crore Company has reported net profit after tax of Rs 527.46 Crore in latest quarter. The company’s 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. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-06-2019, the company has a total of 960,481,765 shares outstanding.
Source: Economic Times