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
- Market recap: Valuation of 6 of top 10 firms declines by Rs 68,417 cr; Airtel biggest laggard
- West Bengal Elections: Rift among INDIA bloc partners triggers three-cornered intense contests
- Angel Investing Opportunities
- Poonch Terrorist Attack: One Indian Air Force soldier dies, five injured; Patrolling intensifies across J&K
- The Role of AI in Journalism