Media Sector
CLSA ON ZEE ENT & SUN TV : 23.06.2021
* CLSA has a Buy rating on both Zee Ent & Sun TV, but finds Zee Ent better placed on growth parameters
* Zee Ent Is Better Placed Vs Sun TV
* Zee's Ad Revenue Is 3.5x & Subscriptions 2x Of Sun TV
* Both Will Be Beneficiaries Of A Strong Rebound
* Zee Will Surpass The Pre-COVID-19 Peak In FY23
* Zee Offers 34% Earnings CAGR While Sun's Valn Is At A 15% Premium
* Zee Ent Is Top Pick In The Space With A Traget Of *306/Sh
* Have A Buy Call On Sun TV With A Target Of *550/Sh
