The mass media company reported strong revenue growth of 32 percent YoY to Rs 900 crore, mainly due to better-than-expected movie revenue and backed by healthy advertising and subscription revenue
The partnership will offer customers of Vodafone Idea access to Sun NXT's, Sun TV Network's over-the-top platform, exclusive digital content.
Telecom Regulatory Authority of India (Trai) in its new directive proposed to be rolled out February 1, wants the customers to pay only for channels they would want to view.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 19 points or 0.17 percent. Nifty futures were trading around 10,954-level on the Singaporean Exchange.
The breadth of the market favoured the advances with 764 stocks advancing and 913 declining while 384 remained unchanged. On the BSE, 1157 stocks advanced, 1297 declined and 142 remained unchanged.
While the November expiry week ended on a promising note, market participants were completely baffled with the moves in the week gone by.
The research house cut its earnings estimates for the company by 3-4 percent to factor in higher content costs.
While reiterating hold rating on the stock, HSBC said higher investment by Sun TV Network is required to enter new markets.
Centrum is bullish on Sun TV Network has recommended buy rating on the stock with a target price of Rs 1060 in its research report dated November 05, 2018.
Its total income increased to Rs 811.67 crore, from Rs 713.13 crore in the year-ago period, an official release said.
JM Financial is bullish on Sun TV Network has recommended buy rating on the stock with a target price of Rs 780 in its research report dated October 22, 2018.
Dividend-paying stocks make an ideal portfolio play especially in times of crisis. These stocks tend to absorb the volatility and remain relatively stronger in such a scenario
The recent fall is an opportunity to add quality stocks in portfolio which are expected to give smart return over a period of 12-18 months, experts said.
Centrum bullish on Sun TV Network has recommended buy rating on the stock with a target price of Rs 1170 in its research report dated August 14, 2018.
The stock may be bought in the range of Rs 918-922 for a target of Rs 1,000-1,040, with a stop loss below Rs 875.
Centrum is bullish on Sun TV Network has recommended buy rating on the stock with a target price of Rs 1170 in its research report dated May 14, 2018.
Total income from operations during the quarter under review stood at Rs 753.79 crore, up 21.60 percent, as against Rs 619.85 crore during the same period previous fiscal, it said in a BSE filing.
Sudarshan Sukhani of s2analytics.com recommends buying RBL Bank with stop loss at Rs 512 and target at Rs 533 and Tata Chemicals with stop loss at Rs 760 and target at Rs 790.
Hadrien Mendonca of IIFL recommends buying V-Guard Industries with target at Rs 276 and stop loss at Rs 232 and a buy also on Yes Bank with target at Rs 348 and stop loss at Rs 306.
"The index has to cross 10490 levels decisively to move higher and if it fails to cross this level, weakness could be seen towards 10290 and 10150 levels," says Rajesh Agarwal of AUM Capital.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Adani Ports and Sun TV Network and can buy Suprajit Engineering, Avenue Supermarts, Bajaj Finance and Jubilant Foodworks.
"Any significant breach below 10,130 may drag Index further lower till 10,000 mark i.e. 78.60 percent Retracement level (Drawn from low of 9687 to high of 11,171) on daily scale which might work as strong support zone," says Rajesh Agarwal of AUM Capital.
Sudarshan Sukhani of s2analytics.com is of the view that one can short Bharti Airtel, Godfrey Phillips and HPCL and can buy Indraprastha Gas and Sun TV Network.