Research ReportsZee Entertainment Gets 'Neutral' Rating From Motilal Oswal After Q3 Results — Here's Why
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Zee Entertainment Gets 'Neutral' Rating From Motilal Oswal After Q3 Results — Here's Why
A recovery in domestic advertisement revenue and a favorable outcome in ongoing litigation for ICC rights with Star remain key for rerating for Zee, says Motilal Oswal.
Zee Entertainment Enterprises' revenue continued the declining trend with a 3% YoY dip due to continued softness in domestic advertising revenue and lower revenue from other sales and services.
(Photographer: Rafael Henrique/SOPA Images/LightRocket/Getty Images)
Zee’s valuations have turned attractive. However, a recovery in domestic advertisement revenue and a favorable outcome in ongoing litigation for ICC rights with Star remain key for rerating.