Sell Sun TV Network, target Rs 850: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a sell call on Sun TV Network Ltd
with a target price of Rs 850
The current market price of Sun TV Network Ltd
is Rs 884.45
Time period given by the analyst is Intra Day when Sun TV Network Ltd
price can reach defined target
Kunal Bothra recommended to keep stoploss at Rs 895
Sun TV Network Ltd., incorporated in 1985, is a largecap company with a market cap of Rs 34854.81 crore
Sun TV Network Ltd
key Products/Revenue Segments include Income From Advertisement which contributed Rs 1271.64 Crore to Sales Value (49.70 % of Total Sales),
Subscription Income which contributed Rs 1115.88 Crore to Sales Value (43.61 % of Total Sales), Other Services which contributed Rs 150.99
Crore to Sales Value (5.90 % of Total Sales), Income from Content Trading which contributed Rs 14.74 Crore to Sales Value (0.57 % of Total
Sales), Income from Films Production Distribution which contributed Rs 5.00 Crore to Sales Value (0.19 % of Total Sales)for the year ending
31-Mar-2017
For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 716.95 Crore, up 4.93 % from last quarter Sales of Rs
683.28 Crore and up 23.08 % from last year same quarter Sales of Rs 582.50 Crore Company has reported net profit after tax of Rs 289.76
Crore in latest quarter
Mr.R Ravivenkatesh, Mr.S Selvam, Mrs.Kavery Kalanithi
Company has S R Batliboi Associates LLP as its auditoRs As on 31-03-2018, the company has a total of 394,084,620 shares outstanding