Zee Entertainment may test Rs 400: Kunal Saraogi

Kunal Saraogi, CEO of Equityrush is of the view that Zee Entertainment may test Rs 400.

Kunal Saraogi, CEO of Equityrush told CNBC-TV18, " Zee Entertainment has been an outperformer for a while now and it has got a very good trajectory even when the market was coming down. The stock has a strong support around Rs 360; a fair target in the current move can be Rs 400."

The company's trailing 12-month (TTM) EPS was at Rs 7.17 per share. (Sep, 2014). The stock's price-to-earnings (P/E) ratio was 52.42. The latest book value of the company is Rs 19.13 per share. At current value, the price-to-book value of the company was 19.65. The dividend yield of the company was 0.53 percent.

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