Sell Zee Entertainment Enterprises, target Rs 338: Dr CK Narayan

Buy-sell11

Dr CK Narayan of Chart Advise has a sell call on Zee Entertainment Enterprises Ltd.NSE -1.77 % with a target price of Rs 338. The current market price of Zee Entertainment Enterprises Ltd. is Rs 341.2. Time period given by the analyst is Intra Day when Zee Entertainment Enterprises Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 347. Zee Entertainment Enterprises Ltd., incorporated in 1982, has a market cap of Rs 32771.64 crore.
Zee Entertainment Enterprises Ltd. key Products/Revenue Segments include Income From Advertisement which contributed Rs 3864.00 Crore to Sales Value (66.67 % of Total Sales), Subscription Income which contributed Rs 1541.00 Crore to Sales Value (26.58 % of Total Sales), Television Content which contributed Rs 261.20 Crore to Sales Value (4.50 % of Total Sales), Commission which contributed Rs 80.40 Crore to Sales Value (1.38 % of Total Sales), Transmission Revenue which contributed Rs 42.00 Crore to Sales Value (0.72 % of Total Sales) and Other Operating Revenue which contributed Rs 7.00 Crore to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 2019.27 Crore, down -6.81 % from last quarter Sales of Rs 2166.77 Crore and up 17.04 % from last year same quarter Sales of Rs 1725.31 Crore Company has reported net profit after tax of Rs 292.28 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 31-03-2019, the company has a total of 960,466,500 shares outstanding.

[“source=economictimes.indiatimes.”]