Stock in focus: Zee Media shares will be in focus despite 55% rally last week. Details here

Stock in focus: Zee Media shares have been on an uptrend for the last one week. In the previous five straight sessions, Zee Media’s share price has ascended from around ₹13 to ₹20.75 apiece on the NSE, recording a nearly 55% rally. However, the Zee Media stock is expected to remain in focus when the Indian stock market reopens on Monday. The reason for being under the radar of Indian stock market followers is the fundraising buzz. Even though the stock hit a 10% upper circuit on Friday after the board meeting outcome was announced ahead of the closing bell, it is still being determined whether the market has discounted this fundraising buzz or there is still some steam left in Zee Media shares.