Sun TV Network is engaged in producing and broadcasting satellite television and
radio software programming in the regional languages of South India. This is one
of the Asia’s largest TV networks. This was established by Kalanidhi Maran in the
year 1993. Its flagship channel is Sun TV, which was the first fully privately owned
Tamil channel in India. After which it has grown huge and currently owns and
operates 32 TV channels across Indian languages – Tamil, Telugu, Kannada,
Malayalam and Bengali. And it is now expanding its market to North India also,
and will be launching 11 new channels including the network’s first Marathi
language channel. After this, Sun Group will have a total of 43 TV channels.
Technical View: SUN TV structure look promising and it is above to breakout
daily chart is near golden, leading indicator such as RSI is in the buy zone ; Where
MACD crossover indicate positive trend, RSI divergence also supporting the trend.
Volume analysis Monthly Delivery volume increase by 95.5 % and last 5 days
average volume increase by 44..7%, Which indicating positive trend and we
recommend “BUY’ signal Buy @ 548 upside target 566 keeping stop loss at 536.
(Best) P/E Ratio
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Best EPS Curr (Rs.)