Sun Tv Network's target Rs 828: IIFL Securities's Top Stock to Buy Today

IIFL Securities has issued a buy recommendation for Sun TV Network, with a target price of Rs 828. The current market price of Sun TV Network is Rs 801.35. This represents a potential upside of 3.4% for investors. IIFL Securities believes that Sun TV Network is a well-managed company with a strong track record of growth. The company's diversified portfolio of businesses provides it with a competitive advantage in the media and entertainment industry.

About Sun Tv Network:

Sun TV Network Limited is a leading media and entertainment conglomerate in India with a dominant presence in television broadcasting, film production, DTH services, and digital media. Founded in 1992, the company has grown into a multi-billion dollar enterprise with operations spanning across South India and other parts of the country. Its flagship channel, Sun TV, is the most viewed Tamil television channel and has a strong following in the southern states. Sun TV Network also owns and operates several other popular regional language channels, including Gemini TV (Telugu), Udaya TV (Kannada), and Surya TV (Malayalam). The company's strong distribution network and extensive content library make it a formidable player in the Indian media landscape.

52 Week Price Trend:

Sun TV Network (SUNTV), a leading media and entertainment conglomerate, trades at Rs 801.35 per share, hovering within a notable range of Rs 734.9 (52-week high) and Rs 393.8 (52-week low). The stock has witnessed significant growth, buoyed by its strong presence in television broadcasting, film production, and radio operations. SUNTV's diversified portfolio and market dominance have contributed to its resilience during market volatility. Analysts anticipate continued stability and growth, positioning the stock as a long-term investment opportunity in the media sector.

Stratzy's MOST Analysis:

SUNTV has received an AA- rating under Stratzy's MOST framework, indicating a medium fundamental risk. This rating is based on an evaluation of the company's management, outlook, safety, and trend. The AA- rating suggests that SUNTV has a strong management team with a clear vision for the company's future. The company's outlook is favorable, with strong growth prospects and a competitive position in the industry. SUNTV's safety and trend analysis indicate low risk, suggesting that the company is financially stable and has a positive momentum in the market.

Company's Fundamentals:

Sun TV Network (NSE: SUNTV) stands at a Stock PE (Price to Earnings) ratio of 13.19, indicating that investors are willing to pay ₹13.19 for every ₹1 of earnings. Its Price to Book (PB) Ratio of 2.47 suggests that the market value of its assets is 2.47 times higher than its book value. Additionally, the company offers a Dividend Yield of 2.37%, providing investors with a steady stream of income. These metrics collectively suggest that Sun TV Network is currently valued reasonably compared to its earnings, assets, and dividend payments.

Fundamental and Technical information provided in this blog were last updated on 11 Jul, 2024

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