The stock has risen 119 per cent in the year from Rs 158 to Rs 346 levels, with space to move up further.
The Indian conglomerate has operations which span the entire media spectrum, including television programming, satellite broadcasting, cable distribution, film production and animation software.
Zee serves more than 120 countries and reaches more than 300 million viewers across the globe in seven different languages.
Zee showed a net profit of Rs 10.99 crore (Rs 109.9 million) for the quarter ended September 30 against Rs 22.42 crore (Rs 224.2 million) a year earlier. The company saw a 52 per cent rise in revenues to Rs 303.25 crore (Rs 3.032 billion) from Rs 199.41 crore (Rs 1.994 billion) in the same period.
Zee recently acquired 50 per cent stake in Taj TV, which owns the Ten Sports channel.
The Bombay high court recently approved the demerger of news businesses of Zee to be managed by Zee News and its cable business of Siticable to be managed by wholly owned subsidiary Wire and Wireless (India) Ltd.
With CAS (Conditional Access System) expected to come through soon, its cable operational needs and requirements will be addressed. The dynamics of broadcasting ensure that Zee will remain a key player in its segment.
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