Sun TV Network announced that the Annual General Meeting (AGM) of the company will be held on 7 September 2018.

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Sun TV Network Ltd is up for a fifth straight session today. The stock is quoting at Rs 800.25, up 0.96% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.08% on the day, quoting at 11561. The Sensex is at 38301.55, up 0.06%. Sun TV Network Ltd has gained around 2.41% in last one month.

Meanwhile, Nifty Media index of which Sun TV Network Ltd is a constituent, has gained around 1.98% in last one month and is currently quoting at 2862.7, up 1.03% on the day. The volume in the stock stood at 11.56 lakh shares today, compared to the daily average of 17.51 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 803, up 1.03% on the day. Sun TV Network Ltd is up 14.62% in last one year as compared to a 18.39% jump in NIFTY and a 1.23% jump in the Nifty Media index.

The PE of the stock is 24.99 based on TTM earnings ending June 18.

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Sun TV Network announced that the Board of Directors of the Company at its meeting held on 10 August 2018, inter alia, have recommended the interim dividend of Rs 5 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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Net profit of Sun TV Network rose 62.59% to Rs 409.14 crore in the quarter ended June 2018 as against Rs 251.64 crore during the previous quarter ended June 2017. Sales rose 42.49% to Rs 1120.39 crore in the quarter ended June 2018 as against Rs 786.32 crore during the previous quarter ended June 2017.

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