Sun TV Network surges over 20% in early trade
Avalokita Pandey / 03 Feb 2017
Sun TV, which is owned by Kalanithi Maran, has zoomed over 20 per cent in morning hours on Friday. The stock of the company traded on its new 52-week high of Rs 669.40 and has witnessed a spurt in its volume by more than 2.90 times.
Sun TV, which is owned by Kalanithi Maran, has zoomed over 20 per cent in morning hours on Friday. The stock of the company traded on its new 52-week high of Rs 669.40 and has witnessed a spurt in its volume by more than 2.90 times.
The stock of Sun TV has spiked as the CBI special court has discharged all the accused in the Aircel-Maxis case of corruption and money laundering, including the owner of Sun TV Kalanithi Maran. Sun TV, is a Tamil language satellite television channel and was launched on April 14, 1993. It is the flagship channel of the Sun TV Network which is based in Chennai.
The scrip was trading 24.64 per cent up at Rs 687.82 around 9:30 am (IST). Shares of the company opened at Rs 607 and touched a high and low of Rs 693.85 and Rs 607, respectively, in trade so far.
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