Sun TV slides 5.4% to Rs 572 after DMK loss
Sun TV is part of the Sun Group, controlled by Kalanithi Maran, a relative of Tamil Nadu Chief Minister MK Stalin, who also heads the DMK. The stock had dropped as much as 9.5% earlier in the session, hitting an intraday low of ₹547.55 on BSE.
By ET Bureau |
ETMarkets.com
The stock had dropped as much as 9.5% earlier in the session, hitting an intraday low of ₹547.55 on BSE.
MUMBAI: Shares of Sun TV Network fell on Monday, sliding 5.4% to ₹572 after the ruling Dravida Munnetra Kazhagam (DMK) failed to secure a majority in the Tamil Nadu elections.
Sun TV is part of the Sun Group, controlled by Kalanithi Maran, a relative of Tamil Nadu Chief Minister MK Stalin, who also heads the DMK. The stock had dropped as much as 9.5% earlier in the session, hitting an intraday low of ₹547.55 on BSE.
Sun TV is part of the Sun Group, controlled by Kalanithi Maran, a relative of Tamil Nadu Chief Minister MK Stalin, who also heads the DMK. The stock had dropped as much as 9.5% earlier in the session, hitting an intraday low of ₹547.55 on BSE.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Tamil Nadu election impact: Sun TV Network shares plunge 10% as Vijay’s TVK heads for big upsetADVERTISEMENT
