Buy Sun TV Network, target price Rs 707: Prabhudas Lilladher

6 months ago 48

Synopsis

Sun TV Network Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 24854.92 Crore) operating in Media & Entertainment sector.

Sun TV NetworkGetty ImagesPromoters held 75 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.43 per cent, DIIs 3.62 per cent.

Prabhudas Lilladher has buy call on Sun TV Network with a target price of Rs 707. The current market price of Sun TV Network Ltd. is Rs 631.

Sun TV Network Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 24854.92 Crore) operating in Media & Entertainment sector.


Sun TV Network Ltd. key Products/Revenue Segments include Subscription Income, Income From Advertisement, Other Services, Income from Films Production & Distribution and Income from Content Trading for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1058.66 Crore, down -8.75 % from last quarter Total Income of Rs 1160.21 Crore and up 7.50 % from last year same quarter Total Income of Rs 984.83 Crore. Company reported net profit after tax of Rs 449.90 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 8.87 per cent, DIIs 6.5 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...moreless

(You can now subscribe to our ETMarkets WhatsApp channel)

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...moreless

Read Entire Article