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Here's what may trigger re-rating of ZEEL stk post 94% YoY dip in Q1 profit

Emkay Global believes multiple re-rating of the stock will happen along with the changes in Q1 and consistency in balance sheet improvement

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Buzzing stocks | Zee Entertainment | Markets

Nikita Vashisht  |  New Delhi 



ZEEL's total income in the period tumbled 36.6 per cent to Rs 1,338.41 crore
ZEEL's total income in the period tumbled 36.6 per cent to Rs 1,338.41 crore

Shares of Enterprises gained 15 per cent to Rs 200 per share on the BSE on Wednesday despite the broadcaster's net profit plunging 94 per cent in the June quarter of FY21. The company logged a consolidated net profit of Rs 29.28 crore for the quarter ended June, down 94.5 per cent, as against a net profit of Rs 529.76 in the same quarter last year.

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First Published: Wed, August 19 2020. 10:50 IST

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