ZEE share price may double in 1-2 years, says CLSA with 'Outperform' rating

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ZEE share price may double in 1-2 years, says CLSA with 'Outperform' rating - Business Standard

Quick Summary:

We believe the company's ad revenue growth will aid re-rating in the stock," CLSA said.

Fundamentally, the brokerage sees the media house's focus on over-the-top (OTT) platform to drive ad revenue for the company."Zee Entertainment is India's number 2 network and is rapidly ramping up its OTT platform ZEE5.

At 12:10 PM, the stock of the media company was trading 2.7 per cent higher at ₹102.04 per share, after hitting an intraday high of ₹106.8 per share.