News for Sun TV Network Limited (SUNTV.NS)

Sun TV rejects 'family dispute' reports:: 'Matter dates back to 22 years when...'

Former Union Minister Dayanidhi Maran has sent a legal notice to his brother Kalanithi, claiming he unlawfully transferred shares of Sun TV Group worth thousands of crores.

Sun TV Network shares drop 5% due to legal feud between Maran brothers over alleged unlawful share transfers.

DMK MP Dayanidhi Maran accuses brother Kalanithi Maran of fraudulent share transfers, demands restoration of original holdings.

Sun TV Network Ltd reports 12% decline in net profit for FY25, with revenue drop and cricket franchise income.

Equity indices decline with metal, auto, and IT stocks, Sensex and Nifty down, while some sectors show resilience.

Starting February 28, 2025, 16 stocks including United Breweries and PVR Inox will exit the derivatives segment, trading only in the cash market. February 27 is the last day to trade their F&O contracts. The exclusion follows the December 20 announcement by NSE.

This announcement comes after a previous decision to add six companies to the F&O segment, namely Castrol India, Gland Pharma, NBCC, Phoenix Mills, Solar Industries, and Torrent Power.

The NSE of India will include six new stocks in the Futures and Options segment from January 31, 2025. The stocks are Castrol India, Gland Pharma, NBCC, Phoenix, Solar Industries India, and Torrent Power. Details about market lot and scheme of strikes will be announced on January 30, 2025.

Zerodha - India's biggest stock broker offering the lowest, cheapest brokerage rates for futures and options, commodity trading, equity and mutual funds

NSE has announced the exclusion of 16 securities, including Abbott India, PVR Inox, and Gujarat Gas, from the F&O market starting Feb. 28, 2025, as part of new SEBI guidelines aimed at improving liquidity and preventing manipulation.

The Nifty 200 index is valued at about 24 times its 12-month forward earnings estimates, versus last decade's mean of about 19 times

The number of stocks on the NSE Nifty 200 index with a consensus ‘buy rating totaled 61 as of Tuesday, the lowest in at least a decade, data analyzed by Bloomberg show. LIC Housing Finance Ltd., Sun TV Network Ltd. and Dr. Lal PathLabs Ltd. are among stocks that saw multiple downgrades this quarter, putting their average analyst rating at ‘hold.

Rising number of stocks under F&O trading ban on NSE prompts SEBI to consider new regulations.

"On the daily charts, we can observe that Nifty has witnessed a breakdown from the consolidation on the downside. The selling pressure can intensify on the downside. Immediate support stands at 24037 which is the 40-day moving average. A breach below it can take the Nifty down towards 23600. On the upside, 24300 is the immediate hurdle from a short-term perspective," Jatin Gedia of Sharekhan.

Sun TV stock outlook: Prolonged weakness in ad revenue, coupled with risk around market share loss, and strong competition from deep-pocketed OTT players continued to pose concerns

The Nifty Media index has shed 15 per cent so far in 2024 and is the sole index trading below the 200-DMA on the NSE. Chart suggests better days are likely ahead.

GNFC and Sun TV Network exited the F&O ban list. MWPL and OI levels determine entry and exit from the ban.

Based on the OI percentage, a total of 74 stocks were on the short-covering list which included Vodafone Idea, IndiaMART InterMESH, Biocon, Page Industries, and Sun TV Network.