Broker's call: Sun TV (Hold)
ICICI SecuritiesSun TV (Hold)CMP: 567.45Target: 589Sun TV Network (Sun TV) has been struggling with weak viewership share in its markets with incess12-12-2018
12-12-2018
Sun TV eyes lower double-digit growth in H2 ad revenues this fiscal
Even as the advertisement revenue during the second quarter of the year affected mainly owing to the some of the one offs, Sun TV Network is expecting its ad revenue to grow in the early teens in the second half of the year. The company has said that it would take a couple of quarters to see more growth for its recently rejigged General Entertainment Channel (GEC) channel Sun Life, which was an effort to fight the decline in market share due to the entrance of new players like Zee and Colors. It is also in the process of beefing up its OTT channel Sun Next with exclusive content and is in talks with some of the major telecos to improve its reach.The estimated ad revenue growth is around eight per cent on a year on year basis for the company, according to analysts, and the growth during the quarter was impacted due to the Kerala floods, which took place close to Onam festival affecting Rs 70 million ad revenue, shift of Dussehra festival to the third quarter, impacting around Rs 70...01-12-2018
Sun TV shares hit 2-week low
November 30 Shares of Sun TV Network Ltd fell as much as 4.36 per cent to Rs 589.4, their lowest in a fortnight. HSBC Global Research has cut Sun TV's30-11-2018
Reply To Clarification Sought By The Exchange
This has reference to the clarification sought by the exchange on 14th November 2018 referring a news item in 'The Hindu' dated 14th November 2018. In this regard, we wish to clarify that we have not received any communication form any authority.14-11-2018
Clarification sought from Sun TV Network Ltd
The Exchange has sought clarification from Sun TV Network Ltd with respect to news article appearing on www.thehindu.com - November 14, 2018 titled "Sasikala petitions panel to summon Kalanithi Maran".The reply is awaited.14-11-2018
Sun TV falls on muted Q2 ad revenue growth
Broadcast services provider Sun TV Network Ltd falls as much as 6.3 per cent to Rs 621.55, in its biggest intraday fall since September 21The company'05-11-2018
Board declares Interim Dividend
Sun TV Network Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on November 02, 2018, inter alia, an Interim Dividend of Rs. 2.50 /- per equity share of Rs. 5 / - each (i.e. 50%) for the financial year 2018-19 has been declared.02-11-2018
Financial Results For Sep 30, 2018 (Q2)
Unaudited Financial Results of the Company for the quarter ended 30th September 2018 prepared in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 together with Limited Review Report by the Statutory Auditors are enclosed herewith. The results are uploaded on the Company's website at www.suntv.in and on the websites of Stock Exchanges at www.bseindia.com and www.nseindia.com.02-11-2018
Outcome of Board Meeting
With reference to the above, we hereby submit / inform that: 1. The Board of Directors at its meeting held on 2nd November 2018, (commenced at 2.00 p.m. and concluded at 4.25 p.m.) has approved and taken on record the Unaudited Financial Results of the Company for the quarter ended 30th September 2018. 2. Unaudited Financial Results of the Company for the quarter ended 30th September 2018 prepared in terms of Regulation 33 of the...02-11-2018
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please take note that a conference call for analysts and investors is fixed on 2nd November 2018 at 5.15 p.m., following the announcement of financial results for the quarter ended 30th September 2018. Please note that the above shall be subject to changes in case of exigencies, if any, on the part of Investor/Company.01-11-2018