 "Raj Television locked in 20% upper circuit on AIADMK win in Tamil Nadu")
Raj Television Network is locked in upper circuit of 20% at Rs 73.65 on the BSE with no sellers were seen on the counter as Jayalalithaa's All India Anna Dravida Munnetra Kazhagam (AIADMK) is all set to form government in Tamil Nadu for the second consecutive time.
With Today’s gain, the stock rallied 44% in past two weeks from Rs 51.25 on May 5, compared to 0.64% gain in the S&P BSE Sensex.
The trading volumes on the counter jumped more than 10-fold with a combined 1.65 million shares changed hands till 02:45 pm. There were pending buy orders for 184,108 shares on the BSE and NSE.
Sun TV Network, on the other hands, tanked 13% to Rs 371 on the BSE. The stock erases its entire gain recorded on Tuesday after most exit polls had predicted that the DMK-Congress alliance may win the state elections in Tamil Nadu. The stock gained 10% on Tuesday, while rallied 19% in past six trading sessions till yesterday.
Sun TV, which has a dominant presence in southern markets, is promoted by DMK chief M Karunanidhi's grand-nephew Kalanithi Maran.
The stock hit an intra-day low of Rs 370 on the BSE and seen a combined 10.33 million shares changed hands on the counter on the BSE and NSE.
With Today’s gain, the stock rallied 44% in past two weeks from Rs 51.25 on May 5, compared to 0.64% gain in the S&P BSE Sensex.
The trading volumes on the counter jumped more than 10-fold with a combined 1.65 million shares changed hands till 02:45 pm. There were pending buy orders for 184,108 shares on the BSE and NSE.
Sun TV Network, on the other hands, tanked 13% to Rs 371 on the BSE. The stock erases its entire gain recorded on Tuesday after most exit polls had predicted that the DMK-Congress alliance may win the state elections in Tamil Nadu. The stock gained 10% on Tuesday, while rallied 19% in past six trading sessions till yesterday.
Sun TV, which has a dominant presence in southern markets, is promoted by DMK chief M Karunanidhi's grand-nephew Kalanithi Maran.
The stock hit an intra-day low of Rs 370 on the BSE and seen a combined 10.33 million shares changed hands on the counter on the BSE and NSE.
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