India's Sun TV gains most in over 8 months on strong Q4 show

Sun TV Network

14/05/2018 05:54

** Sun TV Network Ltd  SUTV.NS  rises as much as 11.7 pct to
969.90 rupees, its biggest intraday pct gain since Sept 1, 2017
and highest since Feb 16
    ** South Indian broadcaster on Friday reported a 23 pct
growth in March-qtr profit, with advertisement rev growing 26
pct, subscription rev rising 28 pct  urn:newsml:reuters.com:*:nFWN1SI0UW
    ** Nomura upgrades stock to "buy"; raises target price to
1,105 rupees
    ** Progress of digitisation in Tamil Nadu state, digital
deals at 10-15 rupees Avg Rev Per User (ARPU) improve visibility
on subscription growth in near-term, say analysts at Nomura
    ** Motilal Oswal expects strong momentum in ad revenue, "led
by a healthy ad outlook, a steady shift to the commission model
in TN market and a consistent healthy viewership share"
    ** Twenty out of 25 brokerages rate stock "buy" or higher;
median PT is 1,138.50 rupees
    ** Up to Friday, stock has fallen 12.3 pct, compared with a
1.9 pct gain in rival Zee Entertainment Enterprises Ltd  ZEE.NS 
and a 15.6 pct decline in regional competitor Raj Television
Network  RATV.NS 

 ((Reuters Messaging:
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