Zee leaves brokerages bearish with falling ad revenue, failed merger, likely market share loss
Zee's net profit for the quarter ended December 2023 saw a 52 percent drop in profits on a sequential basis
Source: moneycontrol.com
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ZEE shares crash further, down 30% as brokers cut target prices on Sony development
Against a closing value of Rs 231.75 on Friday, ZEE shares fell 29.98 per cent to hit a low of Rs 162.25 on BSE. This was the fresh 52-week low level for the stock, which hit a 52-week high of Rs 299.50 last month on December 12.
Source: businesstoday.in
Zee shares crack 13% today; Emkay says 'significant downside' ahead if Sony calls off merger
Zee stock dived 12.67 per cent to hit a day low of Rs 242.30 against its previous close of Rs 277.45. Brokerage Emkay Global said Zee shares could see a significant downside in case the proposed ZEE-Sony merger is called off.
Source: businesstoday.in
ZEE shares fall 3% after media firm seeks extension to complete Sony merger
Zee has asked Bangla Entertainment Private Limited (BEPL) and Sony Pictures Networks India, now known as Culver Max Entertainment Private Limited, to extend the date required to make the merger scheme effective
Source: moneycontrol.com
ZEEL shares drop post Q2 results; here are revised stock price targets
ZEEL: Nuvama Institutional Equities said ZEE's other sales and services soared 201 per cent YoY led by higher syndication and strong theatrical performance of movies (‘Gadar 2’).
Source: businesstoday.in