It has been revealed, according to recent developments that the first-quarter earnings of Sun TV have moved up by as much as 9.75%. The number is now at Rs. 187.62 crore. The net profits posted by the firm were Rs. 170.95 crore, at around the same time last year.
Stock market analyst Salil Sharma has maintained 'hold' rating on Sun TV Ltd stock with one-week target of Rs 520.
According to analyst, the interested investors can buy the stock with strict stop loss of Rs 485.
Today, the stock of the company opened at Rs 496.50 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 546.90 and a low of Rs 277.05 on BSE.
Current EPS & P/E ratio stood at 15.69 and 31.54 respectively.
Stock market analyst Sudarshan Sukhani has maintained 'buy' rating on Sun TV Network Ltd stock to achieve an intraday target of Rs 485.
According to analyst, the interested investors can buy the stock with strict stop loss of Rs 470.
The stock of the company, on August 31, closed at Rs 477.25 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 546.90 and a low of Rs 265 on BSE.
Current EPS & P/E ratio stood at 15.69 and 30.64 respectively.
Leading Broadcasting firm Sun TV has announced its first quarter financial results for the fiscal year 2010-11. According to the report, it has registered a significant 43% net profit rise.
Sun TV has posted a net profit of Rs 170.95 crore for the quarter that ended in 30th June, 2010. This net profit is 42.69% up from the net profit figure of the similar quarter in the last fiscal.
On Friday, the acquisition of Spicejet was completed by the Chief Executive of Sun TV, Kalanithi Maran, son of Dayanidhi Maran.
Kalanithi bought 37 per cent stake in the low-cost no-frill airlines and entered into the field of aviation.
The acquisition will be done by the holding company of Maran, KAL Airways, in individual capacity. In this the deal, the owning of Boeing's 787 Dreamliner is also included.