CLSA Research has recommended buy rating on Zee Entertainment Enterprises in its December 10, 2007 reports. "Early indications post the launch of 9X, a new competitor channel, suggests that Zee TV has been able to maintain its market share even as its peer gains share at the expense of other rival channels. Meanwhile, direct-to-home (DTH) subscriber ramp-up and the launch of new distribution platforms makes us confident of our 24% FY07-10CL subscription revenue forecast. With upside risk to our 32% FY07-10CL earnings Cagr, we remain ‘Buyers” on Zee, " according to CLSA Research report.
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