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Buy Sun TV Network, target Rs 625: Manas Jaiswal


Manas Jaiswal of has a buy call on Sun TV Network Ltd. with a target price of Rs 625.0 . The current market price of Sun TV Network Ltd. is Rs 574.55 Time period given by the analyst is Intra Day when Sun TV Network Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 550. Sun TV Network Ltd., incorporated in 1985, is a largecap company with a market cap of Rs 22642.13 crore.

Sun TV Network Ltd. key Products/Revenue Segments include Income From Advertisement which contributed Rs 1395.12 Crore to Sales Value (48.73 % of Total Sales), Subscription Income which contributed Rs 1308.57 Crore to Sales Value (45.71 % of Total Sales), Other Services which contributed Rs 145.20 Crore to Sales Value (5.07 % of Total Sales), Income from Content Trading which contributed Rs 13.53 Crore to Sales Value (0.47 % of Total Sales), Income from Films Production & Distribution which contributed Rs .03 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 904.45 Crore, up 20.67 % from last quarter Sales of Rs 749.55 Crore and up 32.37 % from last year same quarter Sales of Rs 683.28 Crore Company has reported net profit after tax of Rs 351.33 Crore in latest quarter. The company’s top management includes Mr.J Ravindran, Mr.K Vijaykumar, Mr.Kalanithi Maran, Mr.M K Harinarayanan, Mr.Nicholas Martin Paul, Mr.R Ravivenkatesh, Mr.S Selvam, Mrs.Kavery Kalanithi. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 394,084,620 shares outstanding.

Source: Economic Times