Zee shares fall 5% on muted Q2 results; brokerages give mixed views
Updated : October 18, 2019 03:52 PM IST
Shares of Zee Entertainment Enterprises (ZEE) fell over 6 percent on Friday on muted Q2 results.
The company reported a 6.9 percent year-on-year growth (YoY) in the September quarter profit at Rs 413.2 crore, impacted by slow revenue growth and weak operating margin.
While CLSA retained its 'buy' rating and raised its target price, Morgan Stanley was 'underweight' on the stock.