Sun TV Network Limited

SUNTV

INE424H01027

Broadcasting

Delayed NSE India S.E. Other stock markets 04:17:42 2024-04-30 am EDT			5-day change	1st Jan Change
658 ^INR	+0.31%		+6.65%	-7.62%

Apr. 12	Sun TV Network Limited Launches New Channel - Sun NEO	CI
Mar. 28	Sun Tv Network Limited Approves Interim Dividend for the Financial Year 2023-24	CI

Sun Tv Network Limited Receives Order Under the CGST/MGST/IGST Act, 2017

March 22, 2024 at 08:15 am EDT

Sun TV Network Limited announced it was received order under the CGST/MGST/IGST Act, 2017. The company does not agree with the Order and will take appropriate action(s) for rectification/reversal of the same. Name of the Authority: Office of the Deputy Commissioner of State Tax, Mumbai- LTU-513: Mumbai -LTU-2: Mumbai North West, Maharashtra.

Order under CGST /MGST/IGST Act 2017 passed for tax, interest, and penalty. Order dated 21st March 2024 (Ref: ZD270324048553E) received on 22nd March 2024. An Order is passed by the Office of the Deputy Commissioner of State Tax, Mumbai- LTU-513: Mumbai -LTU-2: Mumbai North West, Maharashtra alleging wrong availment of Input Tax credit and shorter payment of Output Tax in Fiscal Year 2018-19 amounting to INR 11,39,404/-, Interest INR 11,97,865/-and penalty levied of INR 1,21,866/-.

Latest news about Sun TV Network Limited

Sun TV Network Limited Launches New Channel - Sun NEO	Apr. 12	CI
Sun Tv Network Limited Approves Interim Dividend for the Financial Year 2023-24	Mar. 28	CI
Sun Tv Network Limited Receives Order Under the CGST/MGST/IGST Act, 2017	Mar. 22	CI
Disney-Reliance merger set to shake up India's media landscape	Feb. 28	RE
Sun TV Network's Consolidated Net Profit Climbs in Fiscal Q3	Feb. 15	MT
Sun TV Network Limited Declares Interim Dividend for the Financial Year 2023-24	Feb. 14	CI
Sun TV Network Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 14	CI
Sun TV Network Posts Higher Fiscal Q2 Consolidated Net Profit	Nov. 14	MT
INDIA STOCKS-IT, financials lead drop in Indian shares; inflation data eyed	Nov. 12	RE
Sun TV Network Limited Declares Interim Dividend for the Financial Year 2023-24	Nov. 10	CI
Sun TV Network Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 10	CI
Sector Update: Consumer Stocks Mixed Late Afternoon	23-10-06	MT
Sector Update: Consumer	23-10-06	MT
Walt Disney in Early Talks With Potential Buyers of Streaming, TV Business in India	23-10-06	MT
Social Buzz: Wallstreetbets Stocks Mostly Up Premarket; AMC Entertainment Holdings Poised to Rise; Tesla to Fall	23-10-06	MT
Disney in Talks With Adani, Sun TV to Sell India Assets, Bloomberg Reports	23-10-06	DJ
Disney Reportedly Said to Be in Talks with Adani, Sun TV to Sell India Assets	23-10-06	CI
Disney in talks with Adani, Sun TV to sell India assets -Bloomberg News	23-10-06	RE
SpiceJet to Complete INR1 Billion Payment to Former Promoter on Tuesday	23-09-12	MT
India's SpiceJet to pay $1.5 mln to Credit Suisse after court order	23-09-11	RE
Indian airline SpiceJet tells court it is 'struggling to stay afloat'	23-08-24	RE
Sun TV Network Limited Appoints Vipin Unni as Senior Vice President and Head of Strategy -Programming and Communications	23-08-23	CI
Sun TV Network Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-11	CI
Sun Tv Network Limited Declares Interim Dividend for the Financial Year 2023-24	23-08-11	CI
Sun TV Network's Consolidated Profit Slips in Fiscal Q4	23-05-23	MT

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Company Profile

Sun TV Network Limited is an India-based television broadcaster. The Company operates through Media and Entertainment segment. It operates satellite television channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, airs Frequency Modulation (FM) radio stations across India. It owns SunRisers Hyderabad Cricket Franchise of the Indian Premier League, SunRisers Eastern Cape of Cricket South Africa's T20 League and the digital over the top (OTT) platform Sun NXT. It has 35 television channels with the reach of more than 140 plus million households in India. Its channels can be viewed throughout the world including, United States of America, Canada, Europe, Singapore, Malaysia, Sri Lanka, South Africa, Australia and New Zealand. It also has 69 FM radio stations, 3 daily newspapers- Dinakaran, which is a Tamil daily, Tamil Murasu, an evening Tamil daily and 6 Magazines. It produces its own content / acquires the related rights.

Sector

Broadcasting

Calendar

2024-05-23 - Q4 2024 Earnings Release (Projected)

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Ratings for Sun TV Network Limited

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ESG Refinitiv

D+

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Sell

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Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

655.9 INR

Average target price

682 INR

Spread / Average Target

+3.98%

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Sector Television Broadcasting

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Television Broadcasting