55% in a month, live entertainment stock, will it continue?

TRADE NIVESH: In one month, live entertainment shares rose 55 percent. About 30 days ago, the price of this stock had come down to the lowest level of 52-week for 288 rupees. Experts of the broker-path believe that the company will be able to find a strategic partner for itself before the September deadline.


If the company is successful in it, it will prevent the borrowers from selling the pledged shares. Analysts believe that this stock still has the potential to climb 20-25%. On Monday, the stock closed close to half a percent, at Rs 446.

Global analyst Nomura said, "We believe that Jee Entertainment is more likely to sell stake, which will reduce the risks associated with plzenaging." American companies Sony and Comcast are showing interest in buying stake in this company.

Jee Entertainment says he has signed a non-disclosure agreement with foreign media companies. According to Nomura, who analyzed Sony and comcast, the agreement of both of them could be beneficial for these companies with G.

According to this overseas brokerage, J has consistently given excellent profits for many years. Its performance is also better regularly. This means that Sony can make a long leap in the race to earn profits in India.

According to analysts, comcast is engaged in growth. Sharing with Jee can help him a lot. The quantity of shares pledged by the promoters of G has been increasing steadily.

However, the company had dismissed any kind of relationship with the companies which investigated the mess in the cash reserve. But it was seen in heavy selling. On January 25 this share was 27 percent broken.

The company's borrowers also participated in this sale. Its pledged shares sold in the market. However, later on, to get a strategic partner to G, it got the moratorium till September 2019. According to Nomura, this stock is quite attractive. The brokerage has given the target price of this 553 rupees.

JM Financial says that the value of G is quite good. However, according to this the debtor can sell its pledged shares, which can roll it down. Brokerage has given this stock the target price of 550 rupees.

G chairman Subhash Chandra had said in his letter that it was his passion, that he got Rs 5,000 crore in cash. He said, "Despite the loss-making projects, we continued to repay interest and principal amount by borrowing and for this we kept our shares mortgaged."

Until the first week of February, 27.82 crore shares of G. were pledged by promoters. It is 25.8% of the total shares of G, while the promoter is 66.1% of the shareholding. According to JM Financial, after January 18, 3.52 crore additional shares were pledged.

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