Continue to have a positive view on Zee: Hemang Jani
Hemang Jani of Motilal Oswal Financial Services remains positive on Zee Entertainment Enterprises. "Zee has been a tough stock for even analysts to track. We have seen a very sharp correction in the past 2-3 months post-announcement of the merger with Sony. Operating performance was not that great but our view has been that Zee being the top listed player in media and doing pretty okay operationally, and the entire merger could be a gamechanger," he says.
"Once we have the Invesco-related issue out of the way and people get a little more comforttable about the corporate governance issues, there would be a gradual rerating in Zee over a period of time,” Jani adds.