Sun TV zooms over 9% on strong volume

Sun TV zooms over 9% on strong volume

09/12/2016 12:00

Shares of Kalanidhi Maran owned Sun TV Network surged over 9 per cent on the Bombay Stock Exchange amid surge in volume trade following the demise of Tamil Nadu Chief Minister Jayalalithaa.

Kalanidhi Maran is the grandnephew of M Karunanidhi, who leads AIADMK’s archrival DMK party.

Amid volume trade, shares of company gained as much as 9.54 per cent to hit intra-day high of Rs 526.00 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 8.44 per cent to Rs 521.80 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 26,776.08, up 81.80 points, or 0.31 per cent, at 12:00 hours.

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