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.
Sun TV Network stock price
On November 27, 2015, Sun TV Network closed at Rs 393.75, up Rs 3.85, or 0.99 percent. The 52-week high of the share was Rs 459.95 and the 52-week low was Rs 256.05.
The company's trailing 12-month (TTM) EPS was at Rs 21.13 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 18.63. The latest book value of the company is Rs 85.76 per share. At current value, the price-to-book value of the company is 4.59.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen