Sun TV Network drops after Q2 results

Sun TV Network lost 5.29% to Rs 414.45 at 14:34 IST on BSE after net profit rose 11.55% to Rs 169.16 crore on 13.83% growth in total income to Rs 504.21 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced during trading hours today, 8 November 2013.

Meanwhile, the S&P BSE Sensex was down 159.73 points or 0.77% at 20,652.36

On BSE, 1.59 lakh shares were traded in the counter as against average daily volume of 62,630 shares in the past one quarter.

The stock hit a high of Rs 442.40 and a low of Rs 405.55 so far during the day. The stock had hit a 52-week high of Rs 493.90 on 4 February 2013. The stock had hit a 52-week low of Rs 321.50 on 12 November 2012.

The stock underperformed the market over the past one month till 7 November 2013, rising 1.57% compared with the Sensex's 4.66% gain. The scrip also underperformed the market in past one quarter, rising 5.31% as against Sensex's 11.56% advance.

The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Rs 5.

Sun TV Network's earnings before interest, taxation, depreciation and amortization (EBITDA) rose 2.64% to Rs 337.68 crore in Q2 September 2013 over Q2 September 2012.

Sun TV Network offers satellite television channels across four languages of Tamil, Telugu, Kannada, Malayalam. It also airs FM radio stations across India.

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