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Sun TV Network hits record high; stock zooms over 25%

The stock zoomed 26% to Rs 694, also its lifetime high on the NSE in early morning trade

Sun TV Network hits record high; stock zooms over 25%
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SI Reporter Mumbai
Sun TV Network zoomed 26% to Rs 694, also its lifetime high on the National Stock Exchange (NSE) in early morning trade, after a trial court on Thursday discharged former telecom minister Dayanidhi Maran, his brother Kalanithi Maran and others in the Aircel-Maxis deal cases lodged by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED).

At 09:30 am; the stock was up 25% at Rs 689 on the NSE as compared to a marginal 0.02% decline in the Nifty 50 index. The trading volumes on the counter jumped multiple-fold with a combined 8.69 million shares representing 2.2%