Sun TV denies rumour on sports division demerger

Strategic Transactions View source PDF Explain this filing

SUNTV · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+7.9%Reaction day

₹552.55

prior close

₹643.10

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.3%+7.6% vs market

TV Broadcasting & Software Production peers, median of 15sector-0.3%+8.2% vs sector

On the reaction day the stock moved 7.6 pts more than Nifty Smallcap 250 and 8.2 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.8

10m

-4.9

15m

-4.3

30m

-5.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.9+0.3+7.6-0.3+8.2

Next day

+8.6-0.9+9.5-2.1+10.8

+11.8-0.5+12.4-1.6+13.5

+14.0+0.9+13.1-1.8+15.8

+15.3+1.0+14.3-0.4+15.7

+11.1-1.5+12.6-2.5+13.7

+13.2+0.1+13.0-3.5+16.7

15d

+5.0-7.7+12.6-6.5+11.5

+10.0pendingpending-6.7+16.8

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UpDownMarket · Nifty Smallcap 250Sector · TV Broadcasting & Software Production peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sun TV Network has clarified that a news report about a possible demerger of its sports division is a rumour. The company said it cannot comment on market rumours and confirmed there is no pending material price-sensitive information or announcement that could affect the stock price or trading volume.

Likely market impact

Rumour officially denied. No material event pending. May ease speculative pressure but short-term volatility could continue.