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Image Credit: Bloomberg Quint

Zee Entertainment's Execution Of Aspirational Goals Key To Re-Rating, Says PL Capital, Retaining 'Buy'

  • PL Capital retains Buy on Zee stock with a target price of Rs 179.
  • Zee Entertainment plans to allocate a portion of its preferential proceeds towards new businesses, inorganic expansion, and general corporate purposes.
  • PL Capital adjusts Zee's FY27E EPS estimates due to dilution impact from the issuance of fully convertible warrants to the promoter group.

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