Sun TV gets going after court ruling, ends nearly 24 pc up

Shares of Sun TV Network ended the day with nearly 24 per cent gains after a special court discharged former telecom minister Dayanidhi Maran, his industrialist brother, promoter Kalanithi Maran and others in the Aircel-Maxis case.
The stock jumped 23.92 per cent to close at Rs 683.85 on BSE. During the day, it zoomed 26.66 per cent to Rs 699 -- its 52-week high.
On NSE, shares of the company advanced by 23.87 per cent to end at Rs 683.35.
The company's market valuation went up by Rs 5,202.48 crore to Rs 26,949.48 crore.
On the volume front, 18.98 lakh shares of the company were traded on BSE and over two crore shares changed hands on NSE during the day.

In relief to Maran brothers, the court yesterday discharged them as well as others in the Aircel-Maxis deal case of CBI and ED, saying the charges were based on "misreading of official files", speculation and surmises of the complainant.
Special CBI Judge O P Saini said no prima facie case warranting framing of charges against any of these accused was made out on the basis of materials placed on record.