Online BusinessSun TV up on restructuring plans
Sun TV ended at Rs 333, higher by 0.2%, on the BSE. The stock opened at Rs 336, which was also the day"s high and a low of Rs 333.
- Nalco up on hike in prices - Sun Pharma up on new support in Taro war - Sun TV restructures business - Nava Bharat soars on acquiring 65% Zambian coal mine - M&M erases gains, ends down 1% - Sun TV to create two verticals
A total of 20,189 stocks were traded on the BSE as against the 2-week average of 16,751.
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(Updated at 1111am)
The stock opened at Rs 336 touched a low of Rs 333. The scrip is now trading at Rs 335, up 1% from its previous close. The counter has clocked volumes of 7,259 shares as compared to the two-week daily average traded volumes of 16,751 shares on the BSE.
The Sun TV Network is restructuring its distribution business into two new divisions (‘verticals’). One which will handle South India operations and international business. The second will focus on expanding the Sun TV bouquet into the northern, western and eastern markets of India.