Mumbai, March 20 -- The broker highlighted ZEEL's attractive valuation, with the stock currently trading at a low price-to-earnings (PE) ratio of 8. The broker projects a potential 22-33% Ebitda/PAT CAGR over financial year 2026-2027, even with a conservative 6% year-over-year advertising growth assumption. According to the broker, advertising revenue-led growth will be a key driver for the stock's re-rating.

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 & ...