GENERAL30 Sept 2026
IPL business demerger impact? Sun TV Network share price rallies 16%! Experts see 30% more upside | Target, stop-loss | Stock Market News
Sun TV Network shares jumped about 16% on Wednesday to around ₹650, hitting a new 52-week high of ₹663.90. The rally came on reports that the company would demerge its Sunrisers Hyderabad IPL franchise. But Sun TV told the BSE the news is a rumour, with no pending price-sensitive announcement. So if you hold the stock, wait for the company's official statement before acting on the buzz.
Key Statutory Highlights
- Sun TV Network shares rose nearly 16% to around ₹650 on Wednesday and touched a new 52-week high of ₹663.90.
- The buying came after reports that the company planned to demerge its Sunrisers Hyderabad IPL franchise business.
- Sun TV told the BSE that the news is a rumour and that it has no pending price-sensitive information or announcement.
Actionable Advice for Taxpayers / Founders:Treat this as a rumour-driven move, not confirmed news. Wait for Sun TV's own official statement before buying or selling, and remember analyst targets carry no guarantee.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: