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.
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.
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.
ZEE target price: A lack of any major strategic investor during the recent fund-raise does not inspire confidence, Emkay Global said as it maintained a 'Reduce' on ZEE with a target price of Rs 150 per share.
ZEE said it is focused on adopting a frugal approach, as it moves forward towards the set goals for the future. Goenka said it is imperative to adapt as per the situation and at this point in time, ‘accountability & agility’ is the need of the hour.
Zee share price: The stock slipped 4.11 per cent to hit a day low of Rs 141.20. At this price, Zee shares have more than halved from their one-year high value of Rs 299.50, a level seen last year on December 12.
ZEE shares have fallen 39 per cent in the past month as a host of brokerages cut their target prices on the stock following the termination of the merger deal with the company.
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