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
Nitin Gadkari, former president of the Bharatiya Janata Party and a member of the BJP’s manifesto committee, speaks to Reuters. Here are the edited excerpts. Full Article
Turning smog into jewels - a Dutch designer's solution to Beijing's pollution. Video