Stocks are currently being sold at significant discounts during the Black Friday sales event, with some stocks trading at prices that are 50% lower than they were last year.
One particular company, Zee Entertainment Enterprises, has seen a drastic decline in its share prices, dropping over 50% in the past year. This decline can be attributed to the cancellation of a potential $10-billion merger with Sony Pictures. The merger, which was highly anticipated, fell through in January 2024, resulting in legal disputes between the two companies over alleged breaches of commitment related to the deal. This turn of events has raised concerns among investors and analysts about the future prospects of Zee Entertainment in a competitive market.