Sun TV shares close 9% higher as Q1 net surges

Stocks of Sun TV Network surged 9 per cent today after the company reported 19.10 per cent increase in net profit for the first quarter ended June 30.
The company's scrip ended the day at Rs 336.55, up 8.93 per cent on the BSE. In intra-day, it zoomed 11.76 per cent to Rs 345.30.
At the NSE, the stock soared 8.9 per cent to close at Rs 336.80.
The company's market capitalisation surged by Rs 1,087.92 crore to Rs 13,262.92 crore.
In terms of volume, 13.87 lakh shares of the company changed hands at the BSE and over one crore shares were traded at the NSE during the day.

Sun TV today reported 19.10 per cent increase in net profit at Rs 197.28 crore for the first quarter ended June 30, 2015.

The company had reported a net profit of Rs 165.64 crore for the April-June quarter of the last year.
Income from operations of the Kalanidhi Maran-owned Sun TV Network in the quarter under review increased by 9.07 per cent to Rs 691.09 crore as against Rs 633.58 crore in the corresponding quarter last year, the company said in a BSE filing.
During the quarter, Sun TV's advertising revenue increased by 16 per cent to Rs 323.89 crore.