Sun TV shares drop over 6% on disappointing Q3 earnings
Sun TV Network today plunged by over 6 per cent in a highly volatile trading session, as the company posted a 26% dip in its third quarter net profits.
By PTI | Updated:
MUMBAI: Shares of Sun TV Network today plunged by over 6 per cent in a highly volatile trading session, as the company posted a 26 per cent dip in its third quarter net profits.
Sun TV's stock settled 6.05 per cent lower at Rs 319.90 on the BSE. it had tanked by as much as 7 per cent during the intra-day trade.
At the NSE, the scrip closed at Rs 319.35, down 6.29 per cent from the previous close.
In terms of volume, 1.53 lakh shares changed hands at the BSE, while more than 10 lakh shares were traded at the NSE.
Sun TV Network on Friday reported a 25.53 per cent decline in its net profit to Rs 167.88 crore for the third quarter ended December 31, 2011.
In a choppy trading session, the BSE barometer Sensex ended with a modest gain of 24.15 points at 17,772.84.
Sun TV's stock settled 6.05 per cent lower at Rs 319.90 on the BSE. it had tanked by as much as 7 per cent during the intra-day trade.
At the NSE, the scrip closed at Rs 319.35, down 6.29 per cent from the previous close.
In terms of volume, 1.53 lakh shares changed hands at the BSE, while more than 10 lakh shares were traded at the NSE.
Sun TV Network on Friday reported a 25.53 per cent decline in its net profit to Rs 167.88 crore for the third quarter ended December 31, 2011.
In a choppy trading session, the BSE barometer Sensex ended with a modest gain of 24.15 points at 17,772.84.
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