Shares of Sun TV Network rose nearly 8 per cent in early trade on Bombay Stock Exchange (BSE) after reporting a better than expected 15 per cent year on year increase in net profit at Rs 214 crore for the third quarter ended December 31, 2014 (Q3).
The company had profit of Rs 186 crore in the same quarter last fiscal. Total operational income during the quarter under grew 9 per cent at Rs 552 crore against Rs 508 crore during the corresponding quarter of previous year.
The shares of company rose 7.89 per cent to trade at Rs 412.85 a piece on the BSE.
Similarly, shares of the company rose 8.08 per cent to Rs 411.85 a piece on National Stock Exchange.
Meanwhile, the broader benchmark Sensex was quoting at 28,375.92, down 341.99 points or 1.19 per cent at 11.10 hours.