Sun TV shares surge 115% in 16 months, reaching 5-year high—will the rally continue?

Shares of Sun TV Network, have been strengthening in recent months, reaching multi-month highs and trading near their all-time peaks. From a price of ₹415.85 in March 2023, the shares have surged 115% to their current price of ₹890. For the first time in 5 years, the stock has crossed the ₹900 mark during Thursday’s trading session.