Zee Entertainment shares plunged 28.18% as brokerages downgraded the stock due to the cancellation of the Sony merger. The media company is expected to face increased competition from the reported merger of Reliance and Disney Star. Analysts predict Zee's near-term valuation will remain subdued due to uncertainties about its new strategy and partners.
from Times of India https://ift.tt/23P4oI1
from Times of India https://ift.tt/23P4oI1
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