Sun TV Network stock falls with AIADMK victory

sun-tv-networkDMK chief M Karunanidhi’s nephews, the Maran brothers owned Sun TV Network stock falls with the defeat of DMK party in the general elections of Tamil nadu state.

With clear majority to Tamil Nadu CM Jayalalithaa led AIADMK in elections , the stock of of Sun TV fell more than 13.25% to settled at Rs 375.10 at end of the day on the BSE. It opened trade at 438 .

On the NSE, Sun TV stock fell 6.3% to Rs 401.45. While the stock of its rival network , Raj Television Network Ltd stock has reportedly saw shoot up by 17% on BSE.