zee Entertainment Share Price: Hot Stocks: Global Brokers of Zee Entertainment, Muthoot Finance and Info Edge

Global brokerage JP Morgan maintained an overweight rating on InfoEdge, CLSA maintained an underperform rating on Zee Entertainment, and CLSA recommended buying Zee Entertainment.

We’ve compiled a recommended list of the world’s top brokerages from ETNow:

JPMorgan: Overweight | Target Rs 5,600

JPMorgan maintained an overweight rating on Info Edge with a target price of Rs 5,600, up more than 26 percent from Rs 4,431 on August 12.

Core billing continues to be strong. Naukri is still the star and the 99-acre investment will continue. The global investment bank improved overall revenue by 6%/7%/7% in FY23/24/25.

CLSA on Muthoot Finance: Underperforming | Target Rs 1,200

CLSA maintained an underperform rating on Muthoot Finance with a target price of Rs 1,200, implying a marginal upside of more than 1% from Rs 1,187 on August 12.

The brokerage said the gold loan book shrank, while terminating pre-announced loans to benefit from the next quarter. Expense ratios remain high.

CLSA vs Zee Entertainment: Buy | Target Rs 316

CLSA maintained a buy rating on Zee Entertainment with a target price of Rs 316, up more than 30% from Rs 241 on August 12.

“The first quarter was hit by a weak advertising environment. However, advertising revenue in the first quarter of fiscal 2023 grew by 6% year-on-year. The global investment bank lowered its FY23/25CL forecast by 2-12%,” it said.

We view the merger closure as an equity catalyst, the report said.

(Disclaimer: Advice, advice, views and opinions given by experts are their own. These do not represent the views of The Economic Times)