Sun TV Network Ltd’s shares rose 3.74% after reporting 19% profit increase to Rs 592.08 crore for Q2 2023. Revenues were up 10% to Rs 1,349 crore. Sequentially, profits rose 55% to Rs 380.40 crore. The company declared interim dividend of Rs 6.25/share with 125% pay-out for FY 2023-24. Shares rose t…

Sun TV Network’s shares up on quarterly results

Sun TV Enters F&O Ban List, 2 Stocks Exit; Count Jumps to 11

Sun TV Network’s shares hit a 52-week high of ₹572.45 on NSE, up 5%. Q1FY24 net profit of ₹592 crore is highest in 10+ quarters. Rajinikanth’s Jailer, produced by Sun Pictures, has earned ₹500 crore in global box office collections. The rally is likely due to expectations of higher revenue from movi…

Sun TV shares hit 52-week high; rallies over 5 per cent

Motilal Oswal is bullish on Sun TV Network recommended buy rating on the stock with a target price of Rs 630 in its research report dated August 12, 2023.

Buy Sun TV Network; target of Rs 630: Motilal Oswal

ICICI Securities is bullish on Sun TV Network recommended buy rating on the stock with a target price of Rs 650 in its research report dated August 13, 2023.

Buy Sun TV Network; target of Rs 650: ICICI Securities

Events surrounding acquisition and/or increased pay-out may drive significant re-rating.

Sun TV Q1 Results Review - Inline And Healthy: Dolat Capital

Sun TV Network, on Friday, recorded its highest net profit in more than 10 quarters, driven by growth in subscription revenues and higher IPL franchise income. The South India-based broadcaster’s consolidated net profit grew by 20 per cent year-on-year to ₹592 crore in the April-June quarter, agains…

Sun TV posts highest net profit in more than 10 quarters

Over 70 stocks were trading at overbought conditions on the Relative Strength Index (RSI) on July 19, according to StockEdge. The RSI, measuring the magnitude of recent price changes, oscillates between 0 and 100, with values over 70 suggesting a stock is overbought, inviting potential price correct…

Zensar, Sun TV Network among 10 overbought stocks with RSI above 70

Based on the OI percentage, 51 stocks were on the short-covering list. These included Indian Hotels, Mahanagar Gas, Sun Pharmaceutical Industries, Indus Towers, and Sun TV Network.

Trade setup for Friday: Top 15 things to know before the opening bell

Motilal Oswal is bullish on Sun TV Network recommended buy rating on the stock with a target price of Rs 510 in its research report dated May 19, 2023.

Buy Sun TV Network; target of Rs 510: Motilal Oswal

Sun TV Network operates satellite television channels across Tamil, Telugu, Kannada, Malayalam, Bangla, and Marathi, and airs FM radio stations across India.

Sun TV Q4 net profit down 7% to ₹380 crore

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sun TV Network Limited is engaged in producing and broadcasting satellite television and radio software programming in the regional languages of South India.