Sun TV Network recovers after recent slide

Sun TV Network rose 3.38% to Rs 434 at 11:54 IST on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was up 62.58 points or 0.25% at 25,264.38.

On BSE, so far 57,000 shares were traded in the counter as against average daily volume of 59,171 shares in the past one quarter.

The stock hit a high of Rs 434.80 and a low of Rs 418 so far during the day. The stock had hit a 52-week high of Rs 488 on 9 June 2014. The stock had hit a 52-week low of Rs 324.15 on 14 February 2014.

The stock had outperformed the market over the past one month till 19 June 2014, advancing 3.82% compared with the Sensex's 3.44% rise. The scrip had, however, underperformed the market in past one quarter, jumping 10.6% as against Sensex's 15.43% rise.

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

Shares of Sun TV Network had declined 5.42% in three trading sessions to settle at Rs 419.80 on Thursday, 19 June 2014, from a recent high of Rs 443.90 on 16 June 2014.

Sun TV Network's net profit rose 11.3% to Rs 197.57 crore on 10.1% growth in net sales to Rs 520.18 crore in Q4 March 2014 over Q4 March 2013.

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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