Powered by: Motilal Oswal

News

Buy Sun TV Network Ltd For Target Rs.630 - Motilal Oswal Financial Services Ltd Higher opex drags profitability * SUNTV reported an EBITDA growth of 3% YoY to INR7.9b (15% beat), driven by a revenue increase of 10.4% YoY. However, the rise in production and operating expenses has somewhat mitigated this positive momentum. The revenue growth was mainly driven by income from IPL and domestic subscription revenue growth as advertisement revenues remained flattish YoY. * Continued weakness around ad revenue growth, coupled with the looming risk of market share erosion ...
Buy Sun TV Network Ltd For Target Rs.630 - Motilal Oswal Financial Services Ltd
Buy Sun TV Network Ltd For Target Rs.630 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
20/08/2023 2:21:40 PM
Earnings Release for the quarter ended 30th June, 2023 Below the Sun TV press release on Q1FY24 results   Sun TV Network Limited, one of the largest Television Broadcasters in India, operates Satellite Television Channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League, SunRisers Eastern Cape of Cricket South Africa’s T20 League and the Digital OTT Platform Sun NXT.   FOR TH...
Earnings Release for the quarter ended 30th June, 2023
Earnings Release for the quarter ended 30th June, 2023
Source: PR Agency
11/08/2023 5:22:34 PM
Earnings Release for the quarter and Financial year ended 31st March, 2023 Highlights on a standalone basis: Revenues for the year ended 31st March ‘23, up ~4.46 % at Rs.3,661.37 crs; Advertisement Revenues for the year ended 31st March ’23 up ~7.95 % at Rs.1,403.96 crs; EBITDA for the year ended 31st March ’23 up ~3.78 % at Rs.2,349.28 crs. Profit after Tax for the year ended 31st March’23, up ~1.81 % at Rs.1,674.53 crs; Revenues for the quarter ended 31st March ’23 at Rs. 813.53 crs. Advertisement Revenues for the quar...
Earnings Release for the quarter and Financial year ended 31st March, 2023
Earnings Release for the quarter and Financial year ended 31st March, 2023
Source: PR Agency
20/05/2023 11:06:41 AM
Stock Picks : Indian Oil Corporation Ltd And Sun TV Network Ltd By ICICI Direct Indian Oil Corporation Ltd Buy Indian Oil Corporation Ltd @ 82.70-83.20 CMP 83.15 Stop Loss 81.90 Target 84.70   Sun TV Network Ltd. Buy Sun TV Network Ltd @ 474-476 CMP 83.15 Stop Loss 81.90 Target 467.30   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of...
Stock Picks : Indian Oil Corporation Ltd And Sun TV Network Ltd By ICICI Direct
Stock Picks : Indian Oil Corporation Ltd And Sun TV Network Ltd By ICICI Direct
Source: ICICI Direct
25/01/2023 10:36:59 AM
Stock Picks : Bharat Forge Ltd And Sun TV Network Ltd By ICICI Direct Bharat Forge Ltd Buy Bharat Forge Ltd @ 882-884 CMP 883.00 Stop Loss 876.70 Target 895.60   Sun TV Network Ltd Buy Sun TV Network Ltd @ 475-476 CMP 473.65 Stop Loss 468.60 Target 479.30   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   ...
Stock Picks : Bharat Forge Ltd And Sun TV Network Ltd By ICICI Direct
Stock Picks : Bharat Forge Ltd And Sun TV Network Ltd By ICICI Direct
Source: ICICI Direct
11/01/2023 11:18:15 AM
Buy Sun TV Network Ltd For Target Rs.640 - Motilal Oswal Financial Services Profitability sustains despite weak revenue growth * SUNTV reported a flat EBITDA. PAT too stood flat on a YoY basis at INR5.2b, despite a weak revenue decline of 4%, aided by cost controls and higher other income. * We expect a soft PAT CAGR of 6% over FY22-24 on lower revenue growth visibility and lesser margin. Market share loss and lower investment in the OTT segment as compared to its peers remain a key concern. The recent upbeat valuation for the new IPL team at the recently concl...
Buy Sun TV Network Ltd For Target Rs.640 - Motilal Oswal Financial Services
Buy Sun TV Network Ltd For Target Rs.640 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
5/12/2022 3:50:15 PM
Hold Sun TV Network Ltd For Target Rs. 470- ICICI Securities Ad revenue growth was relatively better Sun TV Network’s Q1FY23 ad revenue performance was better than ZEEL, and on YoY basis, it benefited from low base of covid. Sun TV expects ad revenue to grow at 10- 12% in FY23, which may be aided by easing inflation pressure on advertisers. Subscription revenue continues to be hurt from impasse in NTO 2.0, and also likely due to no major payment hikes for SunNXT in B2B deals which was hurt by low investment in originals. IPL should see one-tim...
Hold Sun TV Network Ltd For Target Rs. 470- ICICI Securities
Hold Sun TV Network Ltd For Target Rs. 470- ICICI Securities
Source: ICICI Securities Ltd
28/08/2022 10:23:42 AM
Sun TV Network Ltd Q4FY22 Results Highlights : On a standalone basis: * Revenues for the year ended 31 st March ‘22, up ~12.46 % at Rs.3,504.88 crs; * Advertisement Revenues for the year ended 31 st March ’22 up ~30.84 % at Rs.1300.60 crs; * Revenues up ~ 6.52% for the quarter ended 31st March 2022 at Rs. 833.01 crs . * Advertisement Revenues for the quarter ended 31 st March ’22 up ~7.07 % at Rs.337.13 crs; * EBITDA for the year ended 31 st March ’22 up ~9.50 % at Rs.2,263....
Sun TV Network Ltd Q4FY22 Results
Sun TV Network Ltd Q4FY22 Results
Source: PR Agency
29/05/2022 10:52:15 AM
Buy Sun TV Network Ltd For Target Rs.650 - Motilal Oswal Steady performance with strong contribution from Movies * Sun TV reported a better-than-expected performance with revenue/PAT up 6.2%/3.5% YoY, respectively. The result was driven by: a) growth in ad revenue, which rose 11% above pre-pandemic level, and b) contribution from the Movie segment with release of the blockbuster movie ‘Annaatthe’ in 3QFY22.  * Our FY23/24 estimates are largely retained building in 8%/5% CAGR in revenue/ EBITDA over FY22-24, respectively. The...
Buy Sun TV Network Ltd For Target Rs.650 - Motilal Oswal
Buy Sun TV Network Ltd For Target Rs.650 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
26/02/2022 12:09:06 PM
Stock Picks - Tata Consultancy Services Ltd and Sun TV​​​​​​​ Network Ltd By ICICI Direct Tata Consultancy Services Buy Tata Consultancy Services Ltd @ 3670.00-3676.00 CMP 3681.80 TGT 3728.00 SL 3642.70   Sun TV Network Ltd Sell Sun TV​​​​​​​ Network Ltd @ 490.50-491.50 CMP 491.30 TGT 483.00 SL 495.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all p...
Stock Picks - Tata Consultancy Services Ltd and Sun TV​​​​​​​ Network Ltd By ICICI Direct
Stock Picks - Tata Consultancy Services Ltd and Sun TV​​​​​​​ Network Ltd By ICICI Direct
Source: ICICI Direct
27/12/2021 11:44:18 AM
Buy Sun TV Network Ltd For Target Rs.670 - Motilal Oswal Healthy recovery in place; investments in OTT hold key * Sun TV (SUNTV) reported in-line nos – revenue/PAT was up 10%/14% YoY, with ad revenues reaching pre-pandemic (2QFY20) levels and delayed benefit from the IPL offering spillover. This was offset by a sluggish subscription revenue run-rate. * Our FY23E/FY24E estimates are largely maintained; we build in a 6% CAGR over FY20–23E. The recent upbeat valuation for the new IPL team auction makes the stock valuation compelling ...
Buy Sun TV Network Ltd For Target Rs.670 - Motilal Oswal
Buy Sun TV Network Ltd For Target Rs.670 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
16/12/2021 11:19:41 AM
Hold Sun TV Network Ltd For Target Rs.580 - Emkay Global Ad revenues rebound * Sun TV reported a weaker-than-expected quarter, with a 5% EBITDA miss. Domestic subscription revenues were down 4% yoy vs. our est. of 4% growth. However, ad revenues surged by ~40% yoy (above our est. of 28% yoy), pointing toward a revival in ad spends. * The viewership share across genres has been steady, indicating that investments made to bolster content offerings are beginning to yield results. Sun NXT’s content spending was once again deferred to FY23E,...
Hold Sun TV Network Ltd For Target Rs.580 - Emkay Global
Hold Sun TV Network Ltd For Target Rs.580 - Emkay Global
Source: Emkay Global Financial Services Ltd
10/11/2021 10:50:37 AM
Weekly Tech Picks - TVS Motor Company Ltd, Delta Corp Ltd, KPR Mill Ltd, Sun TV Network Ltd By Axis Securities TVS Motor Company Ltd * On the weekly chart, the stock has decisively broken out its 8-10 months “Consolidation Range” breakout at 670 levels * The stock is trending up across all the time frames forming a series of higher Tops and higher Bottoms * The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments * The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well...
Weekly Tech Picks - TVS Motor Company Ltd, Delta Corp Ltd, KPR Mill Ltd, Sun TV Network Ltd By Axis Securities
Weekly Tech Picks - TVS Motor Company Ltd, Delta Corp Ltd, KPR Mill Ltd, Sun TV Network Ltd By Axis Securities
Source: Axis Securities Ltd
8/11/2021 12:27:26 PM
Hold Sun TV Network Ltd For Target Rs.545 - ICICI Direct Recovery to be gradual… About the stock: Sun TV Network (Sun TV) is a leading regional broadcaster in India, which owns and operates a bouquet of 32 TV channels prominently across southern market (Tamil, Telugu, Kannada & Malayalam) and Bengali language and also an OTT app SunNXT. * In its key market, Tamil viewership share has dipped from ~55%+ to ~40%+ in last few years, with peers, new entrants lapping up market share.   Q1FY22 Results: Sun TV’s performanc...
Hold Sun TV Network Ltd For Target Rs.545 - ICICI Direct
Hold Sun TV Network Ltd For Target Rs.545 - ICICI Direct
Source: ICICI Direct
16/10/2021 11:00:34 AM
Hold Sun TV Network Ltd : Underlying trend encouraging - ICICI Securities Hold Sun TV Network Ltd For Target Rs.534 Underlying trend encouraging Sun TV Network’s Q1FY22 ad revenues were depressed as expected, but decline in subscription revenues QoQ was disappointing as the guidance was for double-digit growth in it, which stands cancelled due to uncertainties from NTO 2.0. EPS increased on change in amortisation policy for movie rights. Sun TV is aggressively building non-fiction shows to drive ratings across the South, and also investing in fresh f...
Hold Sun TV Network Ltd : Underlying trend encouraging - ICICI Securities
Hold Sun TV Network Ltd : Underlying trend encouraging - ICICI Securities
Source: ICICI Securities
12/10/2021 10:33:27 AM
Buy Sun TV Network Ltd For Target Rs.620 - Motilal Oswal A gradual recovery in progress; intensifies content investment * EBITDA grew 19% YoY (11% miss) as content costs grew faster than revenue growth at 34%, 25% below pre-COVID levels (1QFY20). PAT grew 38% (4% miss), aided by the change to a liberal amortization policy. * The slower than expected recovery led to a marginal (4%) cut in EBITDA, but the shift towards a liberal amortization policy has pushed up our PAT estimate by 10-12%, leading to 12% PAT CAGR over FY21-23E. * Intensifyin...
Buy Sun TV Network Ltd For Target Rs.620 - Motilal Oswal
Buy Sun TV Network Ltd For Target Rs.620 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
5/10/2021 10:52:45 AM
Hold Sun TV Network Ltd For Target Rs.520 - Emkay Global Ad recovery slower than expected * Revenue/EBITDA missed our estimates by 8%/6% due to weak ad and subscription revenues. Ad revenue was down 35% over Q1FY20 vs. a 22% decline for Zee. The higher dependence on retail advertisers in the South market led to a greater impact on Sun TV. * Clarity on domestic subscription revenue should emerge after implementation of NTO 2.0. Sun has changed its amortization policy for film satellite rights from 100% in 1st year to spreading it over 4 years,...
Hold Sun TV Network Ltd For Target Rs.520 - Emkay Global
Hold Sun TV Network Ltd For Target Rs.520 - Emkay Global
Source: Emkay Global Financial Services Ltd
23/08/2021 12:21:14 PM
Buy Sun TV Network Limited Target Rs. 595 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime
Buy Sun TV Network Limited Target Rs. 595 - Religare Broking
Buy Sun TV Network Limited Target Rs. 595 - Religare Broking
Source: Religare Broking Ltd
3/08/2021 11:41:40 AM
Trilogy for the month : Bhansali Engineering Polymers Ltd, Sun TV Network Ltd, VA Tech Wabag Ltd By LKP Securities BHANSALI ENGINEERING POLYMERS LTD * Stock has given fresh range breakout on daily chart after retesting its previous breakout zone. * Strong volume has been seen at the time of breakout. * Both momentum indicator RSI & MACD are ranging in positive momentum. Buy Bhansali Engineering Polymers Ltd @ 201 - 204 CMP 201 1-MONTH TARGET 230 SL 188 CB   SUN TV NETWORK LTD * Stock managed to cross above its strong hurdle zone. * Good volume activ...
Trilogy for the month : Bhansali Engineering Polymers Ltd, Sun TV Network Ltd, VA Tech Wabag Ltd By LKP Securities
Trilogy for the month : Bhansali Engineering Polymers Ltd, Sun TV Network Ltd, VA Tech Wabag Ltd By LKP Securities
Source: LKP Securities Ltd
3/08/2021 9:29:44 AM
Hold Sun TV Network Ltd For Target Rs. 536 - ICICI Securities Investment in OTT delayed, again Sun TV Network’s Q4FY21 ad revenues jumped, but it sees near-term headwinds from covid second wave. But, it remains confident about double digit subscription revenues growth in FY22 despite NTO 2.0 uncertainty. We see rise in content investment for TV with plans to launch 5-6 big-budget non-fiction shows; however, Sun TV has pushed back content investment in OTT, which is disappointing. We understand Sun TV is not bidding for movie digital rights (at ...
Hold Sun TV Network Ltd For Target Rs. 536 - ICICI Securities
Hold Sun TV Network Ltd For Target Rs. 536 - ICICI Securities
Source: ICICI Securities
8/07/2021 10:05:32 AM
Buy Sun TV Network Ltd For Target Rs. 620 - Motilal Oswal Sharp cost savings in a weak environment aid earnings * Sun TV Network (SUNTV)’s EBITDA, up 9% YoY, was largely in-line as costs were kept in check in a modest revenue growth environment. The dividend payout fell sharply to just INR5/share, the lowest since FY10 (v/s INR25/share in FY20), despite strong cash reserves. * Given the impact of the second COVID wave, we cut our FY22E EBITDA/PAT estimates by 9%/6%, but maintain our FY23E estimates. We see the delayed investment in OTT a...
Buy Sun TV Network Ltd For Target Rs. 620 - Motilal Oswal
Buy Sun TV Network Ltd For Target Rs. 620 - Motilal Oswal
Source: Motilal Oswal Financial Services
2/07/2021 10:08:07 AM
Buy Sun TV Network Ltd For target Rs. 608 - Choice Broking Sun TV Network Ltd. (STNL) established in 1992, is engaged in producing and broadcasting satellite television and radio software programming. It is one of the largest Television & Radio entertainment company, with a dominant position in the southern states of India. STNL’s flagship channel, Sun TV is one of the most watched channels in India. STNL’s revenue in Q4 FY21 stood at Rs. 802.6cr, up 5.8% YoY. Ad revenues grew by 8% YoY and stood at Rs.314.9 cr. Subscription revenu...
Buy Sun TV Network Ltd For target Rs. 608 - Choice Broking
Buy Sun TV Network Ltd For target Rs. 608 - Choice Broking
Source: Choice Broking
30/06/2021 3:45:13 PM
Buy Sun TV Network Ltd For Target Rs.620 - Motilal Oswal Sharp cost savings in a weak environment aid earnings * Sun TV Network (SUNTV)’s EBITDA, up 9% YoY, was largely in-line as costs were kept in check in a modest revenue growth environment. The dividend payout fell sharply to just INR5/share, the lowest since FY10 (v/s INR25/share in FY20), despite strong cash reserves. * Given the impact of the second COVID wave, we cut our FY22E EBITDA/PAT estimates by 9%/6%, but maintain our FY23E estimates. We see the delayed investment in OTT a...
Buy Sun TV Network Ltd For Target Rs.620 - Motilal Oswal
Buy Sun TV Network Ltd For Target Rs.620 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
30/06/2021 11:30:59 AM
Buy Sun TV Network Limited Target Rs. 585 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime
Buy Sun TV Network Limited Target Rs. 585 - Religare Broking
Buy Sun TV Network Limited Target Rs. 585 - Religare Broking
Source: Religare Broking Ltd
21/06/2021 10:29:02 AM
Hold Sun TV Network Ltd For Target Rs. 505 - Emkay Global Disappoints on dividend payout * Sun TV reported better-than-expected operating performance, with EBITDA rising 8.6% yoy. Ad revenues surprised positively by rising 8% yoy vs. our estimate of 6% decline, while domestic subscription revenue growth of 7% fared a bit poorly vs. our expectations. * Driven by movie telecast, the viewership share for its Tamil GEC has seen a revival in Q1FY22. Upcoming content launches should help improve viewership share. Management sounded optimistic on clo...
Hold Sun TV Network Ltd For Target Rs. 505 - Emkay Global
Hold Sun TV Network Ltd For Target Rs. 505 - Emkay Global
Source: Emkay Global Financial Services Ltd
16/06/2021 11:31:32 AM
Sun TV Network logs 11% growth in net profit Television broadcast major Sun TV Network Ltd on Friday said it closed last fiscal with 11 per cent growth net profit of about Rs 1,520.41 crore on reduced revenue. According to the company, it has earned a net profit of about Rs 1,520.41 crore last fiscal up from a net profit of about Rs 1,371.83 crore logged in FY20. Sun TV's total revenue was about Rs 3,388.03 crore last year, down from Rs 3,653.35 crore earned in FY20. The advertisement revenues for the year was at Rs 994.03 ...
Sun TV Network logs 11% growth in net profit
Sun TV Network logs 11% growth in net profit
Source: IANS
12/06/2021 9:24:50 AM
Buy Sun TV Network Ltd For Target Rs.623 - Choice Broking Sun TV Network Ltd. (STNL) established in 1992, is engaged in producing and broadcasting satellite television and radio software programming. It is one of the largest Television & Radio entertainment company, with a dominant position in the southern states of India. STNL’s flagship channel, Sun TV is one of the most watched channels in India. Revenue for 9M FY21 de-grew by 14% YoY and stood at Rs. 2,374.3cr. EBITDA and PAT for the period de-grew by 14.1% and 8.9% YoY to be at Rs....
Buy Sun TV Network Ltd For Target Rs.623 - Choice Broking
Buy Sun TV Network Ltd For Target Rs.623 - Choice Broking
Source: Choice Broking
14/05/2021 6:04:43 PM
Buy Sun TV Network Ltd For Target Rs.521.50 - HDFC Securities Our Take: Sun TV Network has presence across genres like general entertainment, movies, music, news, kids, action and life with a dominant market share in the five southern states of India (Tamil Nadu, Kerala, Karnataka, and Andhra Pradesh). This ensures continued and sustained viewership and prominent role in the Media and Entertainment Industry. Its flagship channel Sun TV corners more than 40% market share in the Tamil GEC (General Entertainment Channels) genre. Along with Tamil and Ma...
Buy Sun TV Network Ltd For Target Rs.521.50 - HDFC Securities
Buy Sun TV Network Ltd For Target Rs.521.50 - HDFC Securities
Source: HDFC Securities Ltd
30/03/2021 11:40:16 AM
Hold Sun TV Network Ltd For Target Rs.570 - ICICI Direct Ad recovery, content rejig key… Sun TV’s Q3FY21 numbers were mixed as ad recovery was slower and subscription growth was lower than expected but lower amortisation aided PAT. Revenue (standalone) was at | 972.3 crore, up 19.3% YoY boosted by IPL revenue. Ex-IPL revenue was at | 763.3 crore, down 6.3% YoY. Ad revenues at | 309 crore were down 9.4% YoY as ad spend by retail is yet to pick up. Subscription revenues were up ~3% YoY to | 424 crore. EBITDA was at | 600.7 crore, up ...
Hold Sun TV Network Ltd For Target Rs.570 - ICICI Direct
Hold Sun TV Network Ltd For Target Rs.570 - ICICI Direct
Source: ICICI Direct
2/03/2021 11:47:03 AM
Buy Sun TV Network Ltd For Target Rs.640 - Motilal Oswal IPL lifts EBITDA; focus on new channels, OTT investments * Sun TV (SUNTV)’s 3QFY21 revenue recovered with 19% YoY growth (in-line), led by INR2b IPL revenue. Ad and subscription revenue, on the other hand, remained sluggish. * EBITDA/PAT estimates for FY22E were largely maintained – we factor in 11%/14% growth over FY20. Viewership recovery is yet to see a steady uptick, although newfound vigor in fresh content and investments in new channels and OTT should be the key to gro...
Buy Sun TV Network Ltd For Target Rs.640 - Motilal Oswal
Buy Sun TV Network Ltd For Target Rs.640 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
26/02/2021 10:25:51 AM