BusinessPhoto: TradingViewPrabhudas Lilladher Recommends Buying Zee Entertainment at Rs 101 Target
Prabhudas Lilladher's research report on Zee Entertainment Enterprises recommends buying the stock with a target price of Rs 101. The firm has cut its EPS estimates by 4% for FY28E and 2% for FY29E due to adjustments in content costs and advertising & promotion spending. Zee reported a weak operational performance with an EBITDA margin of 3.2%, slightly below the projected 3.4%, mainly due to adverse advertising conditions.
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