Why CLSA expects Zee Entertainment share price to double in 2 years? 4 reasons…

CLSA believes that the Zee Entertainment share price can double over the next 12-24 months. The international brokerage believes that Zee Entertainment share’s valuation has hit a rock bottom at 8x PE as it has been in a downward spiral since the Sony merger was called off in January 2024 . It has slumped 55% since then.

CLSA on Zee: Ad revenue-led growth to help rerate stock

CLSA pointed out that they expect advertising revenue-led growth will rerate the stock. Zee is currently India’s No.2 TV network and is ramping up OTT/ZEE5.