Sun TV Network Ltd
SUNTV

755.90

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Turnover (lac)
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Day's Vol.(shares)

753.20

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

756.00

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Accumulate
Reco. Price
Rs 749.00
We recommend ACCUMULATE on the stock as we expect profit to grow by 18% yoy in FY18E. Focus on increasing viewership, transition to digitization in Phase III & IV and new pricing model will drive PAT growth. However, we see limited upside as stock is trading at FY18E P/E 25.2x. (Target Price- Rs.803)
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50 DMA (.)
659.66
100 DMA (.)
576.38
200 DMA (.)
512.76
Weekly Range (.)
740.10
768.00
Monthly Range (.)
701.50
770.00
52 Weeks Range (.)
335.10
774.00
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