UBS downgrades Zee Entertainment; shares fall
Reuters Market Eye - Shares in Zee Entertainment Enterprises Ltd (ZEE.NS) fall 2 percent after UBS downgrades the stock to "sell" from "buy" and reduces its target price to 200 rupees from 245.
UBS cites expectations of bigger losses from sports-related TV channels in fiscal 2013/14 as well as increased losses from new investments in channels.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
The BJP vowed on Monday to seize the momentum from a string of big state poll victories and smooth the tough job of broadening its appeal beyond traditional northern strongholds in time for a national election next year. Full Article