Sun TV Network Ltd. News and Updates

Name: Latest research reports of Sun TV Network Ltd. authored by LKP Securities and published by - Trendlyne research reports.
Item: Sun TV Network Ltd.
Rating: 5
Author: LKP Securities

Keep track of all breaking news on Sun TV Network Ltd. from all sources in a single place.

Load latest

Sun TV Network Ltd.

08 Feb 2021

631.30

-0.36%

Sun TV Network - Recovery in Ad revenues, new movie releases to lift up FY22 performance

Buy: Sun TV Network Ltd.

Target

LKP Securities

Recovery in Ad revenues, new movie releases to lift up FY22 performance Q3 core businesses disappoint, numbers up due to IPL Sun TV's Q3 FY21 numbers came slightly below our expectations as Ad revenues declined by 10.7% yoy, while growing sequentially by 26% in a festive quarter. The sequential growth was on the back of opening of economy, normalcy coming back and advertisers increasing their Ad spend, however there was a yoy fall in advertisements from retail advertisers, local jewellers as demand for their products is still not fully recovered due to pandemic. Also due to absence of any movie releases, the advertising revenues have bore the brunt. Additionally there has been some market share loss in its...

Sun TV Network Ltd. has an average target of 757.50 from 2 brokers.

Sun TV Network Ltd.

28 Dec 2020, 12:00AM

631.30

-0.36%

Management Meet Update - Revamping OTT plan key to re-rating - Not Rated

Not Rated: Sun TV Network Ltd.

Prabhudas Lilladhar

In our interaction, management of Sun TV highlighted 1) plans to spend Rs2bn towards Sun NXT (OTT offering) and Rs3-4bn towards producing 8 new movies which are scheduled to release in next 12 months (release timeline can be delayed due to second strain of COVID) 2) IPL is likely to yield pretax profits of ~Rs1.2bn/Rs1.3-1.4bn in FY21/FY22 respectively and 3) pressure...

Sun TV Network Ltd. is trading above its 100 day SMA of 627.3

Sun TV Network Ltd.

05 Dec 2020

631.30

-0.36%

Game plan for Sun TV

Business Line

The short-term outlook for Sun TV Network (443.8) appears to be range-bound. The stock faces an immediate resistance at 497 and the next one at 52

Sun TV Network Ltd. is trading below its 30 day SMA of 636.2

Sun TV Network Ltd.

16 Nov 2020

631.30

-0.36%

Broker's call: Sun TV (Buy)

Business Line

LKP SecuritiesSun TV (Buy) Target: 532CMP: 425Sun TV's Q2-FY21 numbers came in line with our expectations as Ad revenues almost doubled sequentially

Sun TV Network Ltd. is trading below its 30 day SMA of 636.2

Sun TV Network Ltd.

13 Nov 2020

631.30

-0.36%

Sun TV to invest around Rs 600 cr in movies and content for OTT platform

Business Standard

Commenting on the advertisement market, the company said that in October advertisement revenue recovered to over 80 per cent of pre-Covid levels

Sun TV Network Ltd. is trading below its 30 day SMA of 636.2

Sun TV share falls 3% after Q2 profit slips to Rs 345 crore; CLSA, Nomura retain buy

Moneycontrol | 13 Nov 2020 1 more

Sun TV Network Ltd.

13 Nov 2020

631.30

-0.36%

EBITDA supported by lower opex; Subscription revenues trend higher

Buy: Sun TV Network Ltd.

Target

Motilal Oswal

We have revised up our FY21E EBITDA by 7% on lower-than-estimated cost in 2QFY21. Our FY22E revenue/EBITDA estimates are largely maintained; we factor in 11%/14% growth over FY20. Revival in earnings and a low valuation make it attractive. Maintain Buy....

Sun TV Network Ltd. has an average target of 757.50 from 2 brokers.

Sun TV Network Ltd.

13 Nov 2020

631.30

-0.36%

Sun TV Network

Hold: Sun TV Network Ltd.

Recommendation Target

ICICI Securities Limited

The subdued ad outlook in the near term affects growth prospects of Sun TV. Flagship channel saw dip in viewership post lockdown that does not bode well from ad rates/volume point of view. IPL profitability will also take a hit due to shift of venue, reduced sponsorship, etc. Hence, we downgrade the stock to HOLD. We would turn constructive when we witness SunNXT ramp-up, viewership share increase coupled with sustained ad recovery. We...

Sun TV Network Ltd. is trading below its 30 day SMA of 636.2

Sun TV Network Ltd.

12 Nov 2020

631.30

-0.36%

Sun TV Network - New movie releases, strong subscriber revenues to drive growth

Buy: Sun TV Network Ltd.

Target

LKP Securities

New movie releases, strong subscriber revenues to drive growth Q2 results in line with expectations Sun TV's Q2 FY21 numbers came in line with our expectations as Ad revenues almost doubled sequentially while falling 29% yoy. The sequential growth was on the back of opening of economy, normalcy coming back and advertisers increasing their Ad spend. This was also a slower dip as compared to 66% fall witnessed in Q1. On the other hand, subscription revenues maintained momentum as they grew by 7.5% yoy driven by Cable TV business which went up by 15.4% yoy. IPL recorded small amount of revenues at 450 mn as only 3 matches of Sun Risers Hyderabad...

Number of FII/FPI investors decreased from 280 to 263 in Mar 2025 qtr

Sun TV Network Ltd.

12 Nov 2020

631.30

-0.36%

Sun TV Network

Buy: Sun TV Network Ltd.

Target

Dolat Capital

Outlook remains upbeat with guidance for double-digit subscription revenue growth in FY21/FY22. This is in spite of potential negative impact if any from NTO 2.0. We remain conservative in our estimates. Management remain committed of acceleration of investments in digital business from future-proofing perspective. But, there had...

Sun TV Network Ltd. is trading above its 100 day SMA of 627.3

Sun TV Network Ltd.

23 Sep 2020

631.30

-0.36%

Top buy and sell ideas by Ashwani Gujral, Mitesh Thakkar for short term

Moneycontrol

Ashwani Gujral of ashwanigujral.com recommends buying Divi's Labs with a stop loss of Rs 3,200, target at Rs 3,310 and Sun TV Network with a stop loss of Rs 474, target at Rs 490.