<Sep 25, 19> Bexley Advisors Quoted in MoneyControl: “Zee Only Avail Diversified Media Conglomerate”
Updated: Mar 30, 2020
The day-to-day fluctuations in Zee Entertainment share prices may be keeping the market confused about the stock’s performance, but confidence in the media giant remains.
According to Utkarsh Sinha, Managing Director, Bexley Advisors, a boutique, early stage investment bank, Zee’s fundamentals have not changed. It is the financials that are creating the problem.
“The fact that there is a debt situation, the fact that there are multiple parties who have the right to sell shares, these are the things that are creating the trouble. But they (Zee) have a fundamentally good business,” he said.
“In fact, they (Zee) are in better position to come in cheap at the given situation. Plus, if you see the fact that Zee is pretty much the only diversified media conglomerate that is available for somebody who wants to come in Indian and south Asian markets,” he said.
Full Article: https://www-moneycontrol-com.cdn.ampproject.org/c/s/www.moneycontrol.com/news/business/companies/zee-business-fundamentals-good-entry-of-global-strategic-partner-will-give-strong-signal-to-market-expert-4473771.html/amp