Sun TV Network Ltd. Stock Declines - Underperforms Sector by -3.1%

Aug 20 2024 03:35 PM IST
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On August 20, 2024, Sun TV Network Ltd. experienced a -3.5% decline in its stock price, underperforming the sector by -3.1%. This marks the second consecutive day of losses for the company, with a total decline of -3.89%. Despite this, the stock's moving averages are still higher than the 100-day and 200-day averages. Sun TV Network's stock has also underperformed in comparison to the overall market, with a -3.61% performance on the day of the decline. MarketsMojo has given a 'Hold' call for the stock, which will continue to be closely monitored by investors as a largecap company in the TV broadcasting and software industry.


Sun TV Network Ltd., a leading TV broadcasting and software company, saw a decline in its stock price on August 20, 2024. The stock lost -3.5% on this day, underperforming the sector by -3.1%. This marks the second consecutive day of losses for the company, with a total decline of -3.89% in this period.

The stock's intraday low was Rs 788.6, a decrease of -3.41% from the previous day. However, despite these recent losses, Sun TV Network's moving averages are still higher than the 100-day and 200-day averages. It is worth noting that the stock is currently lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Sun TV Network's stock has underperformed. On the day of the decline, the company's stock performance was -3.61%, while the Sensex saw a positive performance of 0.47%. Over the past month, Sun TV Network's stock has seen a slight increase of 0.58%, while the Sensex has only seen a 0.25% increase.

Based on these recent developments, MarketsMOJO has given a 'Hold' call for Sun TV Network's stock. As a largecap company in the TV broadcasting and software industry, Sun TV Network's performance will continue to be closely monitored by investors.
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