India's Sun TV Network hits highest level in nearly 6 years

Sun TV Network

12/06/2024 10:53

** Shares of Sun TV Network  SUTV.NS  rise as much as 5.2%
to 792.6 rupees; highest level since Aug 24, 2018
    ** Stocks trimmed some gains to trade 3.4% higher, while
Nifty Media index  .NIFTYMED  is up 1.8%
    ** SUTV set to rise for a fourth straight session
    ** The reason for the move was not immediately clear
    ** Trading vol is 3.8x the 30-day daily avg, tops 5 mln for
the second time in 2024
    ** Avg rating of the 12 analysts is "buy" and median PT is
754 rupees, ~3.3% lower than current price - LSEG data
    ** Stock has risen ~10% in 2024 so far, while Nifty Media
index has fallen ~13%



 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))