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Sun TV Shares Soar 18% on Reports of Potential SRH Demerger
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Moneycontrol•30-09-2026, 14:08
Sun TV Shares Soar 18% on Reports of Potential SRH Demerger
- •Sun TV shares surged up to 18% on September 30, marking the eighth consecutive session of gains and a 47% rise during this period.
- •The rally followed a CNBC-Awaaz report indicating that Sun TV is preparing for a potential demerger of its cricket franchise, SunRisers Hyderabad's assets.
- •The Nifty Media index rose almost 4%, driven significantly by the sharp increase in Sun TV Network's stock.
- •Other Nifty Media constituents like PVR Inox and Saregama India also saw gains, rising over 4% and 3% respectively.
- •At 2:05 pm on September 30, Sun TV shares were trading at Rs 646 apiece, with a market capitalization of nearly Rs 25,500 crore.
Key Questions Answered
Sun TV shares rose up to 18 percent following a CNBC-Awaaz report indicating that the company is preparing for a potential demerger of its cricket franchise, SunRisers Hyderabad, assets. This marked the eighth consecutive session of gains for the entertainment firm's stock.
Despite earlier surging up to 18 percent, Sun TV shares were trading 16.5 percent lower at Rs 646 apiece by 2:05 pm on September 30, with its market capitalisation standing at nearly Rs 25,500 crore.
The Nifty Media index rose the most, climbing almost 4 percent in its second straight session of gains, driven by the sharp rise in Sun TV Network along with increases in PVR Inox and Saregama India shares.
