India's Sun TV drops to 10-month low on Q3 profit slump

Sun TV Network

10/02/2025 05:44

** India's Sun TV Network  SUTV.NS  drops 7% to 10-month low
of 586.55 rupees, biggest percentage loser on media  .NIFTYMED 
index
    ** Company's Q3 profit slumps 20% Y/Y on lower advertisement
revenue and higher operating expenses
    ** At least four brokerage firms cut PT after weak earnings
    ** Rival Zee Entertainment's  ZEE.NS  foray into southern
market successful, but Sun TV's northern market foray needs more
focus, says Nuvama
    ** "Sun TV's new Hindi channel dragged down margins," says
CLSA; cuts PT to 670 rupees from 766 rupees earlier
    ** SUTV down 14% so far in 2025 vs 13% losses in media index
    ** Analysts' average rating on stock "buy"; median PT 790
rupees

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))