Sun TV down 3.5%; shares extend losses for 6th straight day
Shares of Sun TV Network on Monday fell by 3.5%, extending downfall for the sixth straight session, after the Union Home Ministry clarified last week that it will not give security clearance to the Kalanithi Maran-owned company.
The stock ended at Rs 280.05 , down 3.45% from its previous close at the BSE. During the day, it fell by 5.51% to Rs 274.05.
At the NSE, shares of the company went down by 3.24% to Rs 280.
The company’s market value fell by Rs 393.66 crore to Rs 11,036.34 crore.
In six trading sessions, the stock has fallen by 16%.