Zee - Sony India deal: Tech charts show up to 50% upside in Group stocks

Zee Learn stock is anticipated to gain over 50 per cent to Rs 30 once it manages to conquer Rs 20-level with strong volumes

Zee Entertainment Enterprises' (ZEEL's) shares drove the Nifty Media index over 9 per cent higher on the National Stock Exchange (NSE) on Wednesday after the company's shares soared 25 per cent to Rs 320 apiece in the intra-day deals.

Investors lapped up the shares of the broadcasting giant after the Board of Directors of ZEE Entertainment Enterprises Limited (ZEEL) unanimously provided an in-principle approval for the merger between Sony Pictures Networks India & ZEEL. READ DETAILS HERE

Analysts expect the dealto put to rest investor's concerns regarding corporate governance issues, and can result in significant re-rating for the stock going