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ZEEL, India's second-largest television network, is also actively expanding its over-the-top (OTT) platform, ZEE5. Further, Zee is now debt-free, holding Rs 1,700 crore in cash reserves. Based on these factors, the foreign broker suggests that Zee's stock has the potential to double within the next 12-24 months.
ZEEL is a media & entertainment company offering entertainment content to diverse audiences. It is present across broadcasting, movies, music, digital, live entertainment, and theatre businesses, both within India and overseas.
The company’s consolidated net profit zoomed 180% to Rs 163.60 crore while net sales declined 3.27% to Rs 1978.80 crore in Q3 FY25 over Q3 FY24.