Zee Entertainment posts a mixed Q2 performance; what's in it for investors?
company's Q2 results. Domestic brokerages seems to have mixed views post Zee Entertainment Enterprises Q2 earnings.
For the September quarter, the company recorded a 8.92% increase in its consolidated net profit to ₹122.96 crore on Thursday. In a regulatory filing the company said that for the previous year during the same time, it reported a net profit of ₹112.89 crore.
Zee Entertainment share price today opened at ₹264.70 apiece on BSE. Also Read: United Spirits share price plunges 7%; brokerages express mixed views post Q2 result Throughout the week, Zee Ent share price has been under pressure and lost about 6%.
“We are not seeing any major out performance from this counter in the near term. however we see strong support around 250 that is likely to act as buying zone if in case of any further dip, on the higher side 275 is resistance," said Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One.
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