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Hold Sun TV Network: target of Rs 545: ICICI Direct

ICICI Direct recommended hold rating on Sun TV Network with a target price of Rs 545 in its research report dated August 16, 2021.

August 19, 2021 / 12:43 PM IST
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ICICI Direct's research report on Sun TV Network

Sun TV Network (Sun TV) is a leading regional broadcaster in India, which owns and operates a bouquet of 32 TV channels prominently across southern market (Tamil, Telugu, Kannada & Malayalam) and Bengali language and also an OTT app SunNXT. In its key market, Tamil viewership share has dipped from ~55%+ to ~40%+ in last few years, with peers, new entrants lapping up market share


We maintain our HOLD rating We value Sun at Rs 545 i.e. 12x FY23E EV/EBITDA

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Aug 19, 2021 12:43 pm

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