Moneycontrol
Apr 17, 2013 03:55 PM IST | Source: Moneycontrol.com

Sun TV Network rises on Credit Suisse outperform report

Chennai-based Sun TV Network gained more than one percent on Wednesday after the foreign research house Credit Suisse initiated an outperform rating on the stock with a target price of Rs 473.

 
 
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Chennai-based Sun TV Network gained more than one percent on Wednesday after the foreign research house Credit Suisse initiated an outperform rating on the stock with a target price of Rs 473.


"Sun TV has been able to maintain its viewership share despite headwinds from increasing competition and disruption in distribution," Credit Suisse reasoned.

At 12:13 hours IST, the stock moved up 1.32 percent to Rs 373.55, continuing its uptrend for the second consecutive session.
 
In the previous trading session, the share rallied 4.71 percent to Rs 368.70.
 
The share touched its 52-week high Rs 493.90 and 52-week low Rs 176.75 on 04 February, 2013 and 27 July, 2012, respectively.
 
Market capitalisation of the company currently stands at Rs 14,721.03 crore.

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