India's Sun TV falls as ruling DMK trails in Tamil Nadu state polls

Sun TV Network

04/05/2026 08:38

** Shares of Sun TV Network SUTV.NS down 6.8% at 564.15 rupees, stock set for highest intraday pct drop since August 2024

** Television broadcaster owned by Kalanidhi Maran, a close relative of Tamil Nadu's incumbent chief minister MK Stalin, who is also party president of the ruling Dravida Munnetra Kazhagam (DMK) party

**  Counting trends show as per Election Commission show DMK-led alliance trailing in southern state of Tamil Nadu

** Stock rated as "Buy" on average by 11 analysts, median PT at 668.5 rupees per data compiled by LSEG

** More than 1.9 million shares change hands vs 30 day avg of 491,715 shares

** YTD, stock down 3.4%

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))