Rs 400 by next Diwali is very much on the card for Zee-Sony: Sanjiv Bhasin

Sanjiv Bhasin, Director, IIFL Securities, says “Sony now has not invested for two years and India is their biggest market. Japan has plateaued. Just the sheer size of everyone watching movies and the sports channel makes this stock a blockbuster. Rs 400 by next Diwali is very much on the card, maybe earlier.”

Do you watch Zee Entertainment closely?
Well, yes, I stuck my neck out at Rs 185 and I said the market cap cannot be so low and with 3% stake, how long could you have the Goenkas hold you to ransom? Sony here means it is a big positive and I do not even rule out something like Rs 450 coming on the stock over the next one year. This is a very big positive and with the World Cup cricket and other things to go with it, this could be a real game changer on media and particularly for Zee.