Zee Entertainment shares rebound after falling 14% as promoters' increase pledge to 90%
IDFC Securities maintains outperform call on Zee Entertainment, with a target price of Rs 416 per share, implying 76 percent potential upside.
Shares of Zee Entertainment Enterprises rebounded after falling 14 percent intraday on October 7 amid increase in promoters' total pledge to 90 percent along with loan liability of Rs 7,000 crore.
The stock has lost half of its value in the last one year. It
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