BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains buy on Zee Entertainment
Zee Reported strong Q4 results on the back of solid growth in subscription revenue. An EBITDA margin at 27 per cent was higher than estimates. Zee has guided for 15-16 per cent growth in ad revenue and margin improvement in FY17. Although valuations are not cheap, margin recovery should support the earnings momentum into FY17.