Sun TV's prospects are not looking sunny. Know why
Advertisement
Advertisement
Advertisement
Shares of The Home Ministry had earlier denied the Sun Group security clearance, the report added. The group, headed by a politically powerful family, is likely to move court against the government's decision, the paper said.
Shares of Sun TV fell 7.10 rupees to 271.95 on the National Stock Exchange, where 7.8 lakh shares were traded in the first hour of trade compared with the 5-day average of 16.4 lakh shares. Futures of Sun TV were the top losers in the derivatives segment, showing a build up of short positions on the counter.
Sun TV has seen its market capitalisation erode 37 percent in the past one year to 10,700 crore rupees.
(Image credit: Indiatimes)
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas