INSUBCONTINENT EXCLUSIVE:
CLSA has retained buy rating on Zee Entertainment Enterprises in the long term and revised target price to Rs 360 from Rs 390
Shares of Zee Entertainment ended up 2.3% at Rs 267.70 on Tuesday while BSE Sensex closed 192.84 points (0.47%) up at 40,869.47
Company FinancialsFor the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 2122.01 crore, up 5.67% from last
quarter sales of Rs 2008.12 crore and up 7.40% from last year same quarter sales of Rs 1975.86 crore
The company has reported net profit after tax of Rs 413.29 crore in the latest quarter
Gopalan, Mr.Surendra Singh, Mrs.Aparajita Jain
Company has Deloitte Haskins - Sells LLP as its auditors
As on 30-09-2019, the company has a total of 960,481,765 shares outstanding
CLSA estimates 11% compounded growth in earnings over FY19-FY22.