Sun TV marginally down; Raj TV trading positive
DSIJ Intelligence / 06 Dec 2016
The shares of Sun TV, which is led by Kalanithi Maran, on December 6 opened three per cent higher, owing to the news of Tamil Nadu CM's sad demise. The shares of Sun TV on December 5 advanced nearly 13 per cent as the condition of the CM remained critical.
The shares of Sun TV, which is led by Kalanithi Maran, on December 6 opened three per cent higher, owing to the news of Tamil Nadu CM's sad demise. The shares of Sun TV on December 5 advanced nearly 13 per cent as the condition of the CM remained critical. The shares of the company as at 10.10 am are trading at Rs 483.30, marginally down by 1.99 per cent.
For the quarter ended September 30, 2016, Sun TV reported a net profit of Rs 270.35 crore, which was 21.74 per cent higher from Rs 222.07 crore reported for the same quarter last year. Total revenue for the quarter rose 10.21 per cent to Rs 625.49 crore from Rs 567.55 crore reported for the same quarter last year.
On the other hand, Raj Television, which is one of the largest Tamil television broadcaster in the south is trading at Rs 71.40 up by 2.51 per cent. The scrip on December 5 advanced more than 17 per cent.
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