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Zee Entertainment trades firm ahead of Q3 results

The stock was up 3 per cent to Rs 463 on the BSE in intra-day trade ahead of October-December 2018 quarter results today.

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SI Reporter Mumbai
Shares of Zee Entertainment Enterprises (ZEE) were up 3 per cent at Rs 463 apiece on the BSE in intra-day trade ahead of the October-December 2018 quarter (Q3FY19) results today.

In the past two weeks, the stock of ZEE had underperformed the market by falling 6 per cent, as compared to 0.6 per cent decline in the S&P BSE Sensex. In the calendar year 2018, it slipped 18 per cent, against 6 per cent rise in the benchmark index.

The brokerage firm Edelweiss Securities anticipates ZEE’s revenue, EBITDA and PAT to jump around 14 per cent, 20 per cent and