Buy Sun TV Network, target price Rs 707: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Sun TV Network with a target price of Rs 707. The current market price of Sun TV Network Ltd. is Rs 631.

Sun TV Network Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 24854.92 Crore) operating in Media & Entertainment sector.

Sun TV Network Ltd. key Products/Revenue Segments include Subscription Income, Income From Advertisement, Other Services, Income from Films Production & Distribution and Income from Content Trading for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1058.66 Crore, down -8.75 % from last quarter Total Income of Rs 1160.21 Crore and up 7.50 % from last year same quarter Total Income of Rs 984.83 Crore. Company reported net profit after tax of Rs 449.90 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 8.87 per cent, DIIs 6.5 per cent.