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Zee Entertainment Enterprises Rises After Brokerage Upgrade

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Zee Entertainment Enterprises Rises After Brokerage Upgrade
Zee Entertainment Enterprises rose nearly 2 per cent on Friday to Rs 322.50 after brokerage Credit Suisse upgraded the company to outperform. The brokerage put a target price of Rs 400 on the Zee Entertainment Enterprises stock.

At 10:54 am, Zee Entertainment Enterprises shares were trading 1.17 per cent up at Rs 320.60, outperforming the broader Nifty and the Sensex which were up around 0.60 per cent.

On Thursday Zee Entertainment Enterprises reported a 7.26 per cent increase in consolidated profit after tax (PAT) at Rs 231.9 crore for the fourth quarter ended March 31, 2015.

Zee Entertainment Enterprises had posted a consolidated PAT of Rs 216.2 crore in the year-ago period.

Zee Entertainment Enterprises shares closed 0.44 per cent down on Thursday.


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