Thursday 25 September 2008

Accumulate Zee News

Stock: Zee News
CMP:Rs 43.50
Target: Rs 55
Recommended By: September 24, 2008 research report of Prabhudas Lilladher
Reason: "We expect the company to post 24% and 37% revenue and earnings CAGR, respectively in FY08-11E. The stock currently trades at 22.9x and 16.8x our FY09E and FY10E earnings estimates and remains one of the cheapest stocks in our broadcasting universe. We assume coverage on ZNL with a Accumulate rating and a target price of Rs 57,"

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