Sun TV Network hits 52-week low, stock down 10% in two trading sessions

In the last one year, Sun TV has underperformed the market by falling 24 per cent, as against a 0.1 per cent gain on the S&P BSE Sensex.

Shares of Sun TV Network hit a 52-week low of Rs 402.55, down 1.5 per cent on the BSE in Thursday’s trade in an otherwise firm market. The stock of the TV broadcasting & software production company has declined 10 per cent in the past two trading sessions, erasing its entire gain recorded after conclusion of the much-awaited Indian Premier League (IPL) rights for 2023-27.

Shares of Sun TV fell below its previous low of Rs 403 touched on May 19, 2022. At 10:14 AM, the stock traded almost flat at Rs 409, as compared to 1.1 per cent