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Dark clouds hover over Sun tv

This article was posted on Jul 12, 2011 and is filed under Market News

Mounting bad news takes a toll on Sun TV’s stock, but analysts say company’s fundamentals still remain strong

In the past two months, Sun TV has gone through one of its most turbulent periods since inception. Its stock price has see-sawed wildly, largely due to the twin blows of a new Jayalalitha government in Tamil Nadu, as well as the political travails of Dayanidhi Maran who was a former minister for telecommunications and who recently resigned as Union Minister for Textiles. Dayanidhi, who is Sun TV founder Kalanithi Maran’s brother, quit his post on Thursday from the Cabinet as the CBI began to look into allegations of his involvement in the 2G scam. For more visit: Business Standard

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