Zee News Buy Call

Stock analysts have suggested traders to buy Zee News stock to make decent gain in today’s trading session.

Interested traders can buy the stock around Rs 72 with a stop loss at Rs. 71 to achieve an intraday target of Rs. 77. The stock may further climb to Rs 81 if the markets are positive.

Current PE and EPS are 78.41 and 0.95 respectively. On the Bombay Stock Exchange (BSE), the stock has seen 52-week high of Rs. 92 and the low of Rs. 31. Net profit for the year ended March 2007 stood at Rs. 9.94 crore.

Foreign Institutional Investors (FIIs) / Non-Resident Indians (NRIs) / Persons of Indian Origin (PIOs) can now purchase equity shares of Zee News under portfolio investment scheme (PIS), via secondary market in India, RBI notified on Jan. 04, 2008.

The Reserve Bank of India has stated that the holdings of FIIs in the company have gone below the prescribed threshold limit stipulated under the Foreign Direct Investment (FDI) policy.

Other stock that looks good from the same sector are TV 18, Sun TV Network and Dish TV India.

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