After large promoter stake sale, overhand on the stock due to promoter leverage issues has reduced. But for Zee Entertainment many non-operational issues like perceived risks around the Board, pending promoter issues, cash-flows etc. will need to be resolved.
Besides such issues, there is uncertainty given TRAI’s proposed changes to new tariff order. While TV viewership has been steady, weakening ad market, risks on subscription growth and rising costs may impact earnings.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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