Shares of Sun TV Network
were trading 4% higher on Thursday after counting of votes in early trend shown that Dravida Munnetra Kazhagam (DMK) is leading in Tamil Nadu.
As per media reports, the Congress-DMK alliance are likely to win 34-38 seats out of the total 39 seats in the Lok Sabha Election 2019.
As per India Today-Axis My India exit poll, the AIADMK and BJP alliance may win at most 4 seats. DMK is also expected to come back to the power in the state as the result of the bypolls in the 22 Assembly seats will also be announced on Thursday along with the Lok Sabha results.
Sun TV Network Ltd's share price is currently at Rs574.55, up by Rs21.2 or 3.83%, from its previous close of Rs553.35 on the BSE.
The scrip opened at Rs577.30 and has touched a high and low of Rs597 and Rs567.75, respectively. So far, 20,32,558 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs21,806.67cr.