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Bloomberg Quint

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Image Credit: Bloomberg Quint

Zee Entertainment Gets 'Neutral' Rating From Motilal Oswal After Q3 Results  — Here's Why

  • Zee Entertainment's revenue declined by 3% YoY due to softness in domestic advertising revenue and lower revenue from other sales and services.
  • Motilal Oswal gives a 'Neutral' rating to Zee Entertainment and highlights that a recovery in domestic advertising revenue and a favorable outcome in ongoing litigation for ICC rights with Star are crucial for rerating.
  • Zee's valuations have become attractive amidst the declining trend in revenue.
  • To access the full article and its benefits, subscribe to Motilal Oswal Financial Services.

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