Sun TV shares fall as earnings lag estimates

Tags: Companies
Shares in Sun TV Network Ltd fall as much as 3.63 percent after earnings miss some analysts' expectations.

Sun TV's earnings disappoint due to lower-than-expected ad revenue and "high" losses from its Indian Premier League franchise Sunrisers Hyderabad, Kotak Institutional Equities says.

But Kotak retains "add" rating and says potential improvement in economic fundamentals "may set stage for strong medium-term growth."

EDITORIAL OF THE DAY

  • Finalising the formula for fixing the fair market value of shares calls for a detailed debate

    Whenever there is a change of regime at the Centre, the new government has its tasks cut out for execution.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

BK Chaturvedi

Time ripe for state funding of elections

Prime minister Narendra Modi had laid strong emphasis on improved ...

Rajgopal Nidamboor

The resonant cadence of our being

The real voyage of discovery,” wrote Marcel Proust, the French ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture