The stock moved sideways for the greater part of the trading day but slipped to a low of Rs 230, down 10% from the day's high near the end. It finally closed with a loss of 3.5% at Rs 235. The stock fell 11% in the past month. The counter clocked thin volumes of 54,771 shares on the BSE today.
_______________________________________________ (Updated at 1050 hrs)
Sun TV Networks has surged on a 13% rise in FY09 net profit.
The stock opened 2% higher at Rs 249. It quickly rallied 4.5% to a high of Rs 255 but slipped to a low of Rs 247. The stock is currently trading near the day's low at Rs 248, up 2%. Around 12,474 shares have been traded at the counter so far on the BSE.
The company announced its FY09 results yesterday. According to a release, the consolidated net profit of the company increased from Rs 326.69 crore in FY08 to Rs 368.33 crore in FY09.
The toal income is up 20% at Rs 1,106.16 crore from Rs 925.54 crore.
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