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HomeMarket NewsSun TV shares tank 9% after DMK trials in Tamil Nadu assembly polls trends
Over the last five years that the DMK Government has been in power, shares of Sun TV have been underperformers. Barring 2023, when the stock gained 46%, the stock has delivered negative returns in 2024 (Down 4%), 2025 (Down 14%) and 2022 (Down 3%). The stock had gained 4% in 2021.
Shares of Sun TV Network Ltd. have tanked over 8% on Monday, April 4, as initial trends in the assembly poll results show the ruling DMK coalition trailing and down in third place, compared to the TVK, led by actor-turned-politician Vijay, and the ADMK alliance.
This is the biggest single-day fall seen by shares of Sun TV since August 2024, when the stock had declined over 10%.
The Sun TV Network is owned by the Maran family with Kalanithi Maran being the grand-nephew of the late DMK patriarch M Karunanidhi.
Over the last five years that the DMK Government has been in power, shares of Sun TV have been underperformers. Barring 2023, when the stock gained 46%, the stock has delivered negative returns in 2024 (Down 4%), 2025 (Down 14%) and 2022 (Down 3%). The stock had gained 4% in 2021.
Sun TV shares are also declining on strong volumes, with over 5.5 lakh shares already having changed hands, compared to the 20-day average of 87,000 shares at this time of the day.
As per the latest trends, the Vijay-led TVK is leading on 98 seats, while the ADMK alliance leads on 71. The ruling DMK is in third position, leading on 63 seats. Of course, it must be noted that these are initial trends and the numbers could change as counting progresses.
Shares of Sun TV are now trading 8.7% lower on Monday at ₹551.2. The stock has slipped below all of its key moving averages, having slipped below the 200-Day Moving Average at ₹571.
Catch the latest updates from the Tamil Nadu Assembly Polls counting trends right here.
