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Sun TV Network trades in pink of its health on BSE

29 Aug 2013 Evaluate

Sun TV Network is currently trading at Rs. 378.80, up by 15.20 points or 4.18 % from its previous closing of Rs. 363.60 on the BSE.

The scrip opened at Rs. 366.00 and has touched a high and low of Rs. 392.50 and Rs. 366.00 respectively. So far 86564 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 493.90 on 04-Feb-2013 and a 52 week low of Rs. 281.85 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 388.00 and Rs. 363.00 respectively. The current market cap of the company is Rs. 15160.44 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 17.15% and 7.85% respectively.

Sun TV Network is likely to pull out 18 channels of Reliance Big TV subscribers, from the direct-to-home service provider following Reliance’s “failure to make payments towards outstanding amounts. Earlier, the company was planning to acquire the business of Reliance Big TV and for that a due diligence exercise is going on.

Both the firms have been sharing their back-end facilities for a couple of years. After a technical glitch in INSAT 4B in 2010, Sun Direct entered into a long-term agreement with Reliance Digital to share the latter’s bandwidth in MEASAT 3.

Sun TV Network Share Price

648.50 -1.85 (-0.28%)
21-Apr-2026 11:08 View Price Chart
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