Shares of Zee Leisure Enterprises rose 4 per cent on Friday after promoters bought 27 lakh shares from open market, growing whole stake to 4.28 per cent from 3.99 per cent earlier.
Nuvama Institutional Equities acknowledged this as a optimistic indicator for the corporate. “The quantum of acquisition reveals perception within the long-term prospects and development potential of the corporate. This shall enhance the boldness of minority buyers,” the brokerage stated.
Stressing Zee’s 4 focus verticals being linear, digital, film, and music, Nuvama added that gaming is a giant alternative which the corporate is evaluating.
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The brokerage has a purchase on Zee at a goal value of ₹185. The report highlighted Zee’s robust subscription income and added that the advert spends shall enhance in FY26 led by city demand restoration and better gross margin for FMCG.
Zee shares soared 4.13 per cent on the NSE to commerce at ₹102.23 as at 12.35 pm.
