Ahead of the crucial meeting, the shares of Zee Entertainment Enterprises Limited (ZEEL) soared almost 6 per cent on Friday, July 12.
Zee share price today On Friday, July 12, 2024, the shares of Zee Entertainment Enterprises Limited (ZEEL) soared almost 6 per cent on an intraday basis.
Zee share price history Zee shares have been trading under pressure since the fallout of the $10 billion merger with Sony.
Zee share price target 2024 Ahead of the key meeting, brokerages have a mixed outlook on the Zee stock.
In their report on July 12, JM Financial had a BUY rating on Zee Entertainment Enterprises Limited with a target price of Rs 147.
Written by : Pranav Kulkarni Updated Jul 13, 2024 16:45 IST ZEEL: Key decision on fundraising this week - Zee share price target 2024
Zee fundraise latest news update: The board of directors of Zee Entertainment Enterprises Limited (BSE, NSE: ZEEL ) will be considering various fundraising proposals in its meeting on July 16, 2024. Ahead of the crucial meeting, the shares of Zee Entertainment Enterprises Limited (ZEEL) soared almost 6 per cent on Friday, July 12.
"We wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, July 16, 2024, inter-alia, to consider and approve the raising of the funds through the issuance of Appropriate Instruments along with the terms and conditions of the Appropriate Instruments, subject to such regulatory/statutory approvals, as may be required," ZEEL said in an exchange filing on July 11.
Zee share price today On Friday, July 12, 2024, the shares of Zee Entertainment Enterprises Limited (ZEEL) soared almost 6 per cent on an intraday basis. After opening at Rs 149 apiece, ZEEL stocks surged to Rs 159.39 on an intraday basis and closed at Rs 155.50 apiece. In doing so, the stock price formed a long green candle on the daily charts.
Zee share price history Zee shares have been trading under pressure since the fallout of the $10 billion merger with Sony. The stock dropped a whopping 30 per cent in a day after the fallout of the deal. Meanwhile, the 52-week high of Zee shares is Rs 299.50, while the 52-week low is Rs 126.15, which it touched in June this year.
Zee share price target 2024 Ahead of the key meeting, brokerages have a mixed outlook on the Zee stock. In its report on July 12, Motilal Oswal had a NEUTRAL rating on the Zee stock. At the time when the stock price was Rs 147, the brokerage gave a target of Rs 155. It may be noted that in Friday's session, the stock closed above MOSL's target for Zee Entertainment Enterprises Limited.
Kotak Institutional Equities , on the other hand, has a REDUCE rating on ZEEL with a target of Rs 150. In their report on July 12, JM Financial had a BUY rating on Zee Entertainment Enterprises Limited with a target price of Rs 147. The stock is already above the target price.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
