“Investors wishing to make fresh purchases in paper stocks now should be mindful of the run-up witnessed in many months as many of the leading players are not compelling enough on valuation parameters now,” said S Ranganathan, head of research at LKP Securities.
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The