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)
Trending On Reuters
The United States and India have held talks about conducting joint naval patrols that a U.S. defence official said could include the disputed South China Sea, a move that would likely anger Beijing, which claims most of the waterway. Story