Buy Sun TV Network, target price Rs 1140: ICICI Securities

ICICI Securities has buy call on Sun TV Network with a target price of Rs 1140. The current market price of Sun TV Network Ltd. is Rs 833.1.

Sun TV Network Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 32882.42 Crore) operating in Media & Entertainment sector.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1459.20 Crore, up 32.81 % from last quarter Total Income of Rs 1098.71 Crore and down -.74 % from last year same quarter Total Income of Rs 1470.12 Crore. Company reported net profit after tax of Rs 557.19 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Jun-2024, while FIIs owned 7.89 per cent, DIIs 8.23 per cent.