Zee Entertainment jumps 14% after Friday's crash, brokerages remain upbeat

After a heavy beating in the previous session, ZEE Entertainment Enterprises ((ZEEL) rallied in the early trade on Monday as brokerages gave 'BUY' rating on the stock, despite the uncertainties related to promoter pledges and stake sale to reduce promoter debt. Since Friday, the management has tried to allay investor concerns and held meetings with the stakeholders and analysts.

In the early trade, ZEE Entertainment Enterprises jumped as much as 14.29 per cent to Rs 365 apiece on BSE. 

Foreign brokerages CLSA, Nomura and Deutsche Bank, after the management call on Friday, turned bullish on the stock, given attractive valuations