Sharemasterindia.com: Sun TV Network shares jumped as much as 12 per cent to hit intraday high
of Rs 321.60 after falling over 20 per cent since June 5 on concerns
that the broadcast major may have to take off its 33 channels off air as
the Ministry of Home Affairs has reportedly declined to give the
company a security clearance.
Sun TV Network shares rebounded from the intraday lows on Monday as buying resumed at lower levels which led to spurt in the trading volumes.
On the Bombay Stock Exchange, the trading volumes of Sun TV Network jumped. As much as 3.83 lakh shares changed hand in the morning deals compared to average of 3.85 lakh shares traded daily in the past two weeks.
As of 10:10 a.m., the shares in Sun TV Network traded 7.7 per cent higher at Rs 309.20 outperforming the Nifty which was up 0.08 per cent.
Sun TV Network shares rebounded from the intraday lows on Monday as buying resumed at lower levels which led to spurt in the trading volumes.
On the Bombay Stock Exchange, the trading volumes of Sun TV Network jumped. As much as 3.83 lakh shares changed hand in the morning deals compared to average of 3.85 lakh shares traded daily in the past two weeks.
As of 10:10 a.m., the shares in Sun TV Network traded 7.7 per cent higher at Rs 309.20 outperforming the Nifty which was up 0.08 per cent.
