Sun TV Network tanks 10% on weak Q1 earnings; analysts divided on outlook

Sun TV Network share price today slipped 11 per cent to Rs 815 on the BSE on Monday. The shares fell amid heavy volumes after Sun TV reported a weak performance in the June 2024 quarter (Q1FY25), with revenue down 3.2 per cent year-on-year (Y-o-Y) at Rs 1,276 crore.

At 01:39 PM, the stock was trading 10 per cent lower at Rs 820.60 as compared to 0.25 per cent rise in the BSE Sensex. The average trading volume on the counter jumped over six-fold with a combined nearly 4.8 million shares changing hands on the NSE and BSE. In the past four months, the market price of Sun TV has surged 49 per cent.