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  Business   Sun TV stock gets DMK boost

Sun TV stock gets DMK boost

PTI
Published : May 18, 2016, 2:31 am IST
Updated : May 18, 2016, 2:31 am IST

Shares of Sun TV Network sur-ged nearly 11 per cent on Tuesday after exit polls gave the DMK-Congress alliance a comfortable majority in the 234-member Tamil Nadu Assembly.

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 14LEAD.jpg

Shares of Sun TV Network sur-ged nearly 11 per cent on Tuesday after exit polls gave the DMK-Congress alliance a comfortable majority in the 234-member Tamil Nadu Assembly.

The owner of Sun TV, Kalanithi Maran is considered to be close to top DMK leaders. The stock zoomed 10.75 per cent to Rs 435.55 on BSE. At NSE, it jumped 10 per cent to Rs 435.

On the volume front, 4.93 lakh shares of the company changed hands at BSE and over 47 lakh shares were traded at NSE during the day.

Projecting a defeat of Jayalalithaa-led AIADMK in Tamil Nadu, the exit polls have given DMK-Congress alliance a comfortable majority in the 234 member Assembly.

According to various exit polls shown on TV channels, the DMK was set to regain power. The exit poll results were released at the end of the polling in Tamil Nadu, Puducherry and Kerala on Monday. Counting of votes will take place on May 19.