Sun TV Network tanks 10% on weak Q1 earnings; analysts divided on outlook

Quick Summary:

The continued conservative approach towards investments in OTT, with the focus remaining on movie production and monetisation of its existing library, however, remains a key risk within the fast-growing OTT space," MOFSL said.

At 01:39 PM, the stock was trading 10 per cent lower at Rs 820.60 as compared to 0.25 per cent rise in the BSE Sensex.

However, the potential tailwinds from the ad revenue from Q3FY25 could be a key positive," according to Motilal Oswal Financial Services (MOFSL).

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Category: BusinessFinance

Markets: India

Topics: Q1 Market Sun TV Network share SunNeo Cricket General elections

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 14:00:41 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 569 words

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Sentences: 24 lines

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Copyright Owner: © Business Standard

News ID: 22028751

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