Sun TV effects at the markets: Bright and sunny
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Shares of Sun TV, owned by Maran brothers, said its profit in the first quarter rose 19.4 percent to 197 crore rupees compared with 165 crore rupees in the same quarter a year ago.
Sun TV Futures were the top gainers in the derivatives space, adding 11 percent, or 33 rupees, to 341 rupees on the
Sun TV's market capitalisation has come off 20 percent in the past one year to 13,350 crore rupees after the media house was embroiled in a public battle with the government, which barred the group from bidding for FM radio waves. The matter has since been resolved.
(Image credits: Reuters)
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