Global brokerages downgrade Zee, cut TP post Q4 numbers, say stake sale key
Updated : May 28, 2019 01:01 PM IST
Citi Group and Credit Suisse downgraded Zee to neutral and cut its target price.
As per the latest development, sources have told CNBC-TV18 that Sony Corp has revived talks with Essel Group to buy a majority stake in the company.
Zee, on Monday, reported a 26.8 percent increase in its net profit at Rs 292.5 crore as against Rs 230.6 crore in the same period last year.
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