ZEE Entertainment shares rose 5.18 per cent to Rs 105.40 on BSE. ZEE's ad revenue in the past faced the heat from a subdued macro environment with the urban slowdown particularly affecting FMCG companies.
ZEEL shares: Promoter’s stake has moved to 4.28 per cent from 3.99 per cent earlier. The quantum of this acquisition shows belief in the long-term prospects and growth potential of the company, Nuvama said.
ZEEL shares: MOFSL said ZEEL aspires to deliver a CAGR of 8-10 per cent in total revenue with its current portfolio and improve Ebitda margins to an industry-leading range of 18-20 oer cent by FY26.
ZEEL: SEBI said the contents of the show cause notice (SCN) dated July 6, 2022, issued by AO to noticees will also be incorporated in the SCN to be issued in the instant matter.
Stocks to buy: Stocks such as KPIT Technologies, BHEL Ltd, ZEE Entertainment Enterprises Ltd Cyient DLM, Axis Bank and Maruti Suzuki India Ltd can deliver solid returns in 2025, JM Financial said.
ZEEL earlier suggested that Goenka was also working closely with the digital business teams to achieve a balanced cost structure for ZEE5 to drive sustained growth for the future.
Stocks including NTPC Green Energy, UltraTech Cement, M&M, Wipro, Siemens, Ola Electric, Kotak Mahindra Bank, Swiggy Dabur and more will be in the spotlight on Wednesday, November 27.
ZEE Entertainment had in Q2 showed string cost control, resulting in a 16.2 per cent Ebitda margin, up 250 basis points YoY. This was in line with its guidance of 18-20 per cent margin in the near term.
Star India had secured the ICC TV and digital rights for $3 billion for a four-year period until 2027. However, the company sub-licenced the TV rights to Zee Entertainment, which later backed out of the deal.
'Emergency' movie release: As per the terms agreed between the filmmakers and the censor board, Ranaut’s Manikarnika Films and Zee Entertainment agreed to certain cuts.
In conclusion, a mix of seasonal factors, strategic initiatives, and technological innovations is fueling the rise in entertainment stocks, making them attractive to investors looking for growth opportunities.
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