Zee Entertainment

Edelweiss on Zee Entertainment

Edelweiss has maintained its Buy rating on Zee Entertainment after a meeting with the management of the company.

A report released said: The ad spending scenario continues to improve. Subscription revenues will continue to grow strongly on the back of increasing digitalization, rapid DTH subscriber additions and incremental revenues from HITS. Thus, given improving ad and subscription revenues, ZEEL’s strong position within GEC genre, prudent cost rationalisation measures, and a strong management, we raise our FY10E and FY11E EPS by 2% and 5% respectively. We maintain our BUY recommendation on the stock. On a relative return basis, the stock is rated Sector Performer.

Edelweiss has a Buy recommendation on stocks that are expected to gain more than 15% over the next 12 months