Thursday 19 May 2016

Sun TV Network plunges 8%

Sun TV Network Ltd was lower by 8% at Rs.392. The stock traded higher yesterday, as most exit polls had predicted a DMK victory. However, as AIADMK is leading today, the stock has plunged on the bourses.

News Newspaper TextSun TV Network Ltd was lower by 8% at Rs.392. The stock traded higher yesterday, as most exit polls had predicted a DMK victory. However, as AIADMK is leading today, the stock has plunged on the bourses.

The scrip opened at Rs. 438 and has touched a high and low of Rs. 438 and Rs. 384.8 respectively. So far 1770218(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 16848.89 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 436.35 on 17-May-2016 and a 52 week low of Rs. 256.05 on 22-Jul-2015. Last one week high and low of the scrip stood at Rs. 436.35 and Rs. 365.6 respectively.

The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 19.72 % and 5.28 % respectively.


The stock is currently trading above its 200 DMA.

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