Sun TV Network Hits 52-week Low, As The Tamil Nadu Tax On DTH Services

Meanwhile, the BSE Sensex was down 70.69 points, or 0.42% at 16,638.91.

BSE, 1.91 shares were traded on the counter lakh against the daily average of 4.10 shares lakh in the past quarter.

The stock reached a low of Rs 254.90 so far during the day, which is also a 52-week low for the counter. The stock reached a high of Rs 288 so far during the day. The stock hit a high of Rs 556.50 January 5, 2011.

Stock market was weaker than the last one month to 14 September 2011 of 1.80% compared to Sensex down 0.77%. Stock market had outperformed the market last quarter, sliding 5.73% compared to 8.73% decline in Sensex.

The large cap media capital of Rs 197.04 crore. The nominal value per share is Rs 5.

According to the law passed by the Legislative Assembly of Tamil Nadu, Wednesday, September 14, 2011, direct-to-home TV service (DTH) would be charged at 30%. This excludes service tax. Kalanithi Maran-owned Sun Direct is one of the largest DTH in the state. Kalanithi Maran is a supporter of Sun TV channel quoted.

Shares of Sun TV network has been under pressure since May, after the DMK lost the Assembly elections in Tamil Nadu state to the rival AIADMK. Kalanithi Maran, Sun TV promoter and his brother, former Minister Dayanidhi textiles, is the nephew of DMK supremo M Karunanidhi. Jayalalithaa, head of channels scanned Jaya Tamil Nadu polls by more than four-fifths of May 13, 2011.

Sun TV stock fell 33.21% to Rs 410.25 from May 13, 2011, when the state poll results were announced.

Sun’s net income rose Network TV 9.8% to Rs 187.62 million rupees in the 3.1% increase in net sales of Rs 453.99 million rupees in June 2011 to June 2010 Q1 Q1 .

Sun TV manages and owns 20 television channels in four languages ​​in South India. It also produces and distributes films and owns and operates FM radio stations.


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