Sun TV zooms 11% as exit polls show DMK set to regain power

Owner of Sun TV, Kalanithi Maran is considered to be close to top DMK leaders.

PTI| Updated: May 17, 2016, 13:35 PM IST

Mumbai: Shares of Sun TV Network surged nearly 11 percent today after exit polls gave DMK-Congress alliance a comfortable majority in the 234-member Tamil Nadu Assembly.

Owner of Sun TV, Kalanithi Maran is considered to be close to top DMK leaders.

The stock zoomed 10.75 percent to Rs 435.55 on BSE.

At NSE, it jumped 10.39 percent to Rs 435.

On the volume front, 4.93 lakh shares of the company changed hands at BSE and over 47 lakh shares were traded at NSE during the day.

Projecting a defeat of Jayalalithaa-led AIADMK in Tamil Nadu, exit polls have given DMK-Congress alliance a comfortable majority in the 234 member Assembly.

According to various exit polls shown on TV channels, DMK was set to regain power trouncing AIADMK.

The exit poll results were released at the end of the polling in Tamil Nadu, Puducherry and Kerala yesterday.

Counting of votes will take place on May 19.