Brokerages largely recommend selling Zee Entertainment Enterprises Ltd. stock, even after settlement of its merger-related dispute with Sony, amid concerns over tough business environment and cost saving measures. Motilal Oswal Financial Services Ltd. is upbeat on Blue Dart Express Ltd. saying infrastructure and network expansion will drive growth in surface express.
NDTV Profit tracks what brokerages are putting out on stocks and sectors. Here are all the top calls from analysts you need to know about on Wednesday.
Emkay On Zee Entertainment
Emkay maintained its 'reduce' call with a price target of Rs 150 per share.
The Zee-Sony merger-related dispute settlement via non-cash agreements removes key overhang.
The brokerage expects a meaningful re-rating if a new partner or buyer comes in.
The media company is up against a tough business environment.
The current legal risks includes unfavourable verdict in cricket rights case with Disney Star and Punit Goenka's ongoing SEBI case.
Citi On Zee Entertainment
Citi maintained 'sell' call on the stock, with a target price of Rs 137 apiece, implying a potential downside of 8.7% to the previous close.
Concerns remain on the potential impact of the cost saving measures, even as management has been implementing strategic initiatives around reducing costs.
The company has guided to recovering to 18-20% Ebitda margin estimate by fiscal 2026.
Elara Securities On Zee Entertainment
The brokerage maintained 'buy' rating with a target price Rs 210 per share, with an upside potential of 40% to the last closing price.
It expects better growth rates in the festive season.
Further profitability too will continue to improve, helped by cost cutting initiative.
Improved efficiencies and lower losses will drive valuation re-rating.
Motilal Oswal On Blue Dart Express
The brokerage maintained 'buy' rating on the stock with a target price of Rs 9,500 per share, representing an upside potential of 15% to the last closing price.
It expects express logistics segment demand to pick up after slow fiscal 2024 and first quarter of this year.
Infrastructure and network expansion will drive growth in surface express.
The company has improved utilisation of new aircrafts to boost margins. Higher volumes on new aircrafts, routes and network expansion
The brokerage expects revenue to grow at 17%, operating profit (Ebitda) at 32% and net profit at 36% on a compounded annual basis over the next two years.
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