Sun TV shares drop 6% on disappointing Q3 earnings
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Last Updated: Mon, Feb 13, 2012 17:44 hrs
Shares of Sun TV Network today plunged by over 6% in a highly volatile trading session, as the company posted a 26% dip in its third quarter net profits.
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Sun TV's stock settled 6.05% lower at Rs 319.90 on the BSE. It had tanked by as much as 7% during the intra-day trade.
At the NSE, the scrip closed at Rs 319.35, down 6.29% from the previous close.
In terms of volume, 1.53 lakh shares changed hands at the BSE, while more than 10 lakh shares were traded at the NSE.
Sun TV Network on Friday reported a 25.53% decline in its net profit to Rs 167.88 crore for the third quarter ended December 31, 2011.
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In a choppy trading session, the BSE barometer Sensex ended with a modest gain of 24.15 points at 17,772.84.
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