Stock of Interest

Posted On: August 11, 2023

Stock Report: SUNTV (NSE) 10 Aug 2023 

Sun TV Network, a prominent Indian mass media company, holds its headquarters in Chennai, Tamil Nadu, India. It stands as a significant entity within the Sun Group and has grown to become one of Asia’s largest television networks since its establishment on April 14, 1992, by its founder, Kalanithi Maran. The network boasts a diverse array of television channels spanning multiple languages and extends its influence to encompass various radio stations in different languages as well. Under the umbrella of Sun Group, the company has flourished and branched out to subsidiaries such as Sun Pictures, Sun Direct, South Asia FM Limited, among others. As of the fiscal year 2023, Sun TV Network’s impressive revenue amounted to 3,772 crores INR (equivalent to approximately US$470 million). With a workforce of 979 employees as of 2022, the company continues to make its mark in the Indian media landscape.

#xCalData predicts that #SUNTV will continue its bullish phase over the next five days and trend within the range of 577 to 540. 

In comparison to the previous month, the price of the stock has experienced an increase of 15.50% indicating a bullish.

 

The Stock has doubled twice since 22 Jul 2015 and took an average of 1.2 years to double.    

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given positive returns in 4 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only one technical indicator namely Trendline indicates Bearish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData