Sun TV Network can move to Rs 320-325, says Hemant Thukral, Aditya Birla Money.
Thukral told CNBC-TV18, "Among all the midcap stocks what I saw today was that fresh rallies have started coming in media stocks. Both Zee TV and Sun TV have seen huge delivery based buying yesterday. Sun TV has also seen aggressive long positions being formed, which is missing in the case of Zee. Now Sun TV has closed well above that Rs 290 level, which was acting as a very big resistance for it. So I see it moving towards Rs 320-325."
Sun TV's trailing 12-month (TTM) EPS was at Rs 19.60 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 14.95. The latest book value of the company is Rs 60.54 per share. At current value, the price-to-book value of the company was 4.84. The dividend yield of the company was 2.99%.
