Post-market got the news that Subhash Chandra, Chairman of Essel Group is selling his stake which is leading to his losing the control in-group has got a thumbs up from the market and stock has started rising. So, now the question arises that have we missed the bus or this move is just the start of an uptrend beginning. Another moral which we get from Subash Chandra venture is that one should stick to their core business as his venturing into infrastructure has paid him heavily and his heart must be bleeding to let go of his family jewel. We had asked to keep away from the stock in Jan 2019 when money laundering charges on Subhash Chandra were levelled and the stock fell from 500+ levels to 300 Level. Now the stock is again trying to rise among negativity due to its stake sale.
Post sale and Subash Chandra left with only 5% stake, the media group will move into a better management hands and we hope to see ZEE group/ Essel group better now as compared in past and we see its future prices as 350, 375,410, 482 levels and we hope to reap rewards for intraday trading tips and investment stock tips clients. However with negativity surrounding the stock, one needs to keep a strict stop loss of 325 level. This is a high-risk high return stock and only those with high-risk appetite should enter the stock.
Post sale and Subash Chandra left with only 5% stake, the media group will move into a better management hands and we hope to see ZEE group/ Essel group better now as compared in past and we see its future prices as 350, 375,410, 482 levels and we hope to reap rewards for intraday trading tips and investment stock tips clients. However with negativity surrounding the stock, one needs to keep a strict stop loss of 325 level. This is a high-risk high return stock and only those with high-risk appetite should enter the stock.
Zeel Stock Chart Analysis to buy or Sell
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