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 Enterprises
Zee reported strong Q1 results with above-expected revenues as ad revenues grew 19 per cent and margins expanded 180 basis points to 28.8 per cent. We raise our FY18 earnings per share estimates by 5.8 per cent to factor in better margins but maintain revenue growth estimates.