Stocks of Sun TV today surged 10 per cent after it reported 15.25 per cent increase in net profit for the third quarter ended December 31.
The stock ended the day 9.02 per cent higher at Rs 416.55 on the BSE. During the day, it soared 9.91 per cent to Rs 420.
At the NSE, it settled with a sharp gain of 10.06 per cent at Rs 419.40.
Led by the sharp rally in the stock, the company’s market capitalisation moved up by Rs 1,358.59 crore to Rs 16,415.59 crore.