Chakri Lokapriya, Managing Partner at RSB LLP, elaborated on the strong performance of PSU banks compared to private banks, the tactical play of FMCG, and the potential improvements for Coal India and the automotive sector. He noted that Zee Entertainment and Zomato are showing mixed signs, while the real estate sector continues to hold strong with better margins and volumes.

At 25K plus, market leadership to come from PSU banks; metals may pick up: Chakri Lokapriya

Zee Entertainment Enterprises raised $239 million via foreign currency convertible bonds to bolster its financial position and drive growth strategies. This fundraising initiative aims to provide the necessary capital for both organic and inorganic expansion. The bonds attracted interest from various funds. Additionally, the company is addressing staff morale following a 15% workforce reduction.

Zee says $239 mn fundraise will fortify growth plans

Zee Entertainment Enterprise Ltd on Wednesday reported a consolidated net profit of Rs 118.10 crore for the first quarter ended June 30, 2024.

Zee Ent Q1 results: Profit up at Rs 118.10 cr, revenue rises 7.6%

Board of Zee Entertainment approves acquisition of balance 20% stake in Margo Networks

Zee Entertainment Enterprises reports consolidated net profit of Rs 118.10 crore in the June 2024 quarter

Zee Entertainment Q1 earnings impact: The company’s consolidated total income grew by 7.6 per cent YoY to Rs 2,149.52 cr in Q1FY25 from Rs 1,998.26 cr in Q1FY24.

Zee Entertainment stock jumps 6% on Q1 turnaround; posts Rs 118 cr profit

Zee Entertainment Enterprises (ZEEL) rallied 3.17% to Rs 149.70 after the company reported a consolidated net profit (from continuing operations) of Rs 125.66 crore in Q1 FY25, steeply higher than Rs 3.87 crore in Q1 FY24.

ZEEL gains as Q1 PAT soars to Rs 126 cr

Zee Entertainment Enterprises (ZEE) posted a net profit of Rs 118 crore in the first quarter, recovering from a previous loss of Rs 53.42 crore. Revenue increased by 8% YoY to Rs 2,149 crore. EBITDA showed a 75% YoY growth to Rs 271.7 crore. The domestic advertising revenue declined by 3% YoY due to cricket and general elections.

ZEEL Q1 Results: Co swings to black with Rs 118 crore-profit vs year-ago loss

Zee Entertainment Enterprises Ltd is quoting at Rs 144.44, up 1.28% on the day as on 12:44 IST on the NSE. The stock is down 40.4% in last one year as compared to a 25.92% spurt in NIFTY and a 2.19% spurt in the Nifty Media.

Zee Entertainment Enterprises Ltd soars 1.28%, up for fifth straight session

Zee Entertainment Enterprises Ltd is quoting at Rs 132.81, down 1.23% on the day as on 13:19 IST on the NSE. The stock jumped 42.93% in last one year as compared to a 23.55% rally in NIFTY and a 2.2% fall in the Nifty Media index.

Zee Entertainment Enterprises Ltd eases for fifth straight session

Zee Entertainment Enterprises Ltd, UTI Asset Management Company Ltd, Trent Ltd and CG Power & Industrial Solutions Ltd are among the other losers in the BSE’s ‘A’ group today, 18 July 2024.

Bharat Bijlee Ltd leads losers in ‘A’ group

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Zee Entertainment Enterprises Limited is a media and entertainment company engaged in providing broadcasting services.

Zee Entertainment Enterprises Ltd