Sun TV soars as profit spikes up 23 per cent
Sun TV Network posted Rs. 289.76 crore as Net profit, an increase of 22.82 per cent for the year ending 31st March, 2018 as against Rs. 235.91 crore during the same quarter of the preceding year. The quarter proved to be a positive for the stock as many of the financial data displayed growth.
The effect was clearly displayed on the share price of the company as it was trading around 12 per cent up on the bourses on Monday.
The company reported total income from operation at Rs. 753.79 crore, up 21.60 per cent as against Rs. 619.85 crore for the last fiscal year of same quarter.
On Monday, the stock hit an intraday high of Rs. 974.20 per share and an intraday low of Rs. 900.10 per share on BSE. At 12:52 hours, the shares of Sun TV Network Limited quoted at Rs. 967.35 per share, up by Rs. 102.65 or 11.88 per cent against its previous close of Rs. 864.65. Meanwhile, S&P BSE was trading at 35,627.83 up by 91.83 points or 0.25 per cent.