Best Stocks to Buy Today : IIFL Securities's call on Sun Tv Network - June 04

IIFL Securities issued a buy recommendation for Sun TV Network on June 4th, with a target price of Rs 710. The current market price stands at Rs 687.05. This suggests a potential upside of approximately 3.3%. The brokerage firm is bullish on Sun TV Network due to its strong presence in the South Indian market, its diversified revenue streams, and its focus on cost optimization. The company's recent acquisition of Zee Entertainment Enterprises is also expected to drive growth in the future.

About Sun Tv Network:

Sun TV Network Limited, listed on the National Stock Exchange (NSE) of India, is a leading media and entertainment conglomerate with a diverse portfolio of businesses across television, radio, print, digital, and film production. Headquartered in Chennai, India, the company operates over 33 television channels in Tamil, Telugu, Kannada, Malayalam, Bangla, Marathi, and Gujarati languages, reaching over 95% of Indian households. Sun TV Network also owns and operates multiple radio stations, magazines, newspapers, and a film production house. The company's flagship channel, Sun TV, is the most-watched Tamil-language television channel in India.

52 Week Price Trend:

Sun TV Network, with a CMP of Rs. 687.05, has witnessed significant fluctuations over the past 52 weeks. Its 52-week high price of Rs. 734.9 indicates room for potential growth, while its 52-week low price of Rs. 393.8 suggests that the stock has recovered from a significant decline. This range highlights the volatility in the stock's price and the potential for both gains and losses for investors.

Stratzy's MOST Analysis:

Stratzy's MOST framework has assigned SUNTV an AA- rating, indicating medium fundamental risk. This rating is based on the company's strong management, positive outlook, solid safety profile, and favorable trend. The AA- rating suggests that SUNTV has a sound financial position, a clear growth strategy, and a strong track record of performance. Investors may consider SUNTV to be a relatively safe investment, with the potential for moderate returns.

Company's Fundamentals:

Sun TV Network (NSE: SUNTV), a leading media conglomerate in India, trades on the National Stock Exchange (NSE) with notable financial ratios. Its Stock PE (Price-to-Earnings) of 13.19 indicates that investors are willing to pay ₹13.19 for every rupee of earnings by the company. The PB Ratio (Price-to-Book) of 2.47 suggests that the market value of SUNTV shares is 2.47 times its book value, indicating a premium valuation. The Dividend Yield of 2.37% represents the annual dividend paid out as a percentage of the current share price, providing investors with a stable income stream. These financial metrics provide insights into SUNTV's valuation, profitability, and dividend distribution, enabling investors to make informed investment decisions.

Fundamental and Technical information provided in this blog were last updated on 04 Jun, 2024

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