ZEEL SHARE PRICE IS REACHING A REVERSAL POINT WITHIN A DAY OR TWO.
BEFORE GOING FOR SHORT, PLEASE CONSIDER THAT THE PRICE MAY NOT DROP BELOW 300.
OTHER FACTORS TO BE NOTED :
1) Partial stake sale in the Essel Group-owned Zee Entertainment Enterprises (ZEE) is done, promoters are focused on completing Dish TV merger. THE TWO SALE DEEDS SHOULD BE ABLE TO FETCH 11000 CRORE, WHICH IS THE OVERALL DEBT OF THE GROUP.
AND,
2) Essel Group to sell 3 road assets to CDP IS IN THE FINAL STAGE WORTH RS 3000CR.