India's Sun TV falls after quarterly profit drop

Sun TV Network

22/05/2026 07:32

** Shares of India's Sun TV Network SUTV.NS down 5.88% to 488.25 rupees

** Stock set for highest intraday pct drop since January 27 2026

** Television broadcaster posted a profit after tax of 2.32 billion rupees ($24.20 million) in Q4, down 37% Y/Y

** Revenue from ops also fell 6% to 8.83 billion rupees in Q4

** Trading vols at 991,144 shares vs 30-day avg of 400,595 shares

** SUTV rated "buy" on avg by 11 analysts; median PT of 668.5 rupees - data compiled by LSEG

** YTD stock down ~12%

($1 = 95.8800 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))