|Chennai||Rs. 27580.00 (0.18%)|
|Mumbai||Rs. 28700.00 (0%)|
|Delhi||Rs. 27700.00 (0.73%)|
|Kolkata||Rs. 28270.00 (0%)|
|Kerala||Rs. 27050.00 (0.74%)|
|Bangalore||Rs. 27350.00 (1.11%)|
|Hyderabad||Rs. 27660.00 (1.21%)|
Shares in Sun TV Network Ltd
The gain over the past six months "largely prices in the bottoming-out of Sun's ad revenues and potential benefits from digitalization," Citigroup says in its report.
Sun TV shares have risen 25.34 percent since October 1 as of Monday's close, while rival Zee Entertainment Enterprises Ltd
However, Citigroup continues to prefer Sun TV to Zee, which it recently downgraded to "sell", saying Sun has stronger presence in key markets, an expected earnings recovery from trough levels and better relative valuations.