India's Zee Entertainment gains on buying stake in content start-up Bullet

Zee Entertainment Enterprises

10/06/2025 06:26

** Zee Entertainment Enterprises ZEE.NS rises 3.5% to 132 rupees

** Broadcaster buys undisclosed stake in content startup Bullet, with which it is partnering to launch India's first "micro-drama app"

** More than 23 mln shares traded, ~2x the 30-day moving avg

** Stock rated "hold" on avg; median PT is 130 rupees, per data compiled by LSEG

** YTD, ZEE gains 8.4%

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))