India's Sun TV gains after profit rise, ICICI notes ad recovery

Sun TV Network

13/08/2026 05:24

Aug 13 (Reuters) - ** Shares of Sun TV Network SUTV.NS rise 2.1% to 488.5 rupees
** Broadcaster's Q1 consol net profit rises 17% Y/Y; revenue up 13%
** ICICI Securities ("Buy") says improving ad revenue and growth in cricket franchise revenue supported Q1 performance
** Brokerage says improving ad, cricket revenue and steady subscription revenue support outlook
** Over 776,000 shares traded so far, 3.4x the 30-day avg
** Stock rated "buy" on avg by 11 analysts; median PT 660 rupees - data compiled by LSEG
** Stock down 15.2% YTD

(Reporting by Aleef Jahan in Bengaluru)
((aleefjahan.cs@thomsonreuters.com;))