Buy Sun TV Network, target price Rs 790: Motilal Oswal
Sun TV Network Ltd. with a target price of Rs 790. The current market price of Sun TV Network Ltd. is Rs 665.05.
Sun TV Network Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 26218.45 Crore) operating in Media & Entertainment sector.
Sun TV Network Ltd. key Products/Revenue Segments include Subscription Income, Income From Advertisement, Other Services, Income from Films Production & Distribution and Income from Content Trading for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1098.71 Crore, up 3.78 % from last quarter Total Income of Rs 1058.66 Crore and up 18.63 % from last year same quarter Total Income of Rs 926.20 Crore. Company reported net profit after tax of Rs 409.99 Crore in latest quarter.
Promoter/FII Holdings Promoters held 75.0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 8.87 per cent, DIIs 6.5 per cent.
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