Anand Rathi is bullish on Zee Entertainment has recommended buy rating on the stock with a target price of Rs 220 in its research report dated July 27, 2020.
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Anand Rathi 's research report on Zee Entertainment
The Zee stock has been an underperformer recently, falling ~40% in the last four months due to cash-flows and balance-sheet concerns. We believe management’s focus on cash-flow and cleaning the balance sheet is positive.
Outlook
At the ruling market price, the risk-reward is favourable. We maintain our Buy rating with new target price of `220.
For all recommendations report, click here
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Read MoreFirst Published on Jul 28, 2020 08:57 am