Stock of Interest

Posted On: October 6, 2023

Stock Report: SUNTV(NSE) 05 Oct 2023  

Sun TV Network Ltd is a media and entertainment company. The group owns and operates a series of television networks across four languages in the news, music, action, life, movies, kids, and comedy genres. It also airs FM stations in several Indian languages. Its business activities are reported under a single segment being Broadcasting. The company generates revenues from advertising, broadcasting fees, International subscriptions, other subscriptions, movie distribution, and content trading. Geographically, the group is focused on the Indian market with few operations outside India. 

#xCalData predicts that # SUNTV will continue its bullish phase over the next five days and trend within the range of 612 to 667. 

  

In comparison to the previous month, the price of the stock has experienced an increase of 2.15% 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 not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely MFI indicate Bearish view. 

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

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