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. According to reports from CNBC TV18, this represents the biggest single-day fall seen by Sun TV shares since August 2024, when the stock had declined over 10%. The stock is now trading 8.7% lower at ₹551.2, having slipped below all of its key moving averages and falling below the 200-Day Moving Average at ₹571.
As reported by CNBC TV18, the latest trends show the Vijay-led TVK leading on 98 seats, while the ADMK alliance leads on 71 seats. The ruling DMK is in third position, leading on 63 seats. These are initial trends and the numbers could change as counting progresses. The Sun TV Network is owned by the Maran family with Kalanithi Maran being the grand-nephew of the late DMK patriarch M Karunanidhi.
According to CNBC TV18, shares of Sun TV are 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. This represents a significant increase in trading activity as investors react to the election results.
As reported by CNBC TV18, over the last five years that the DMK Government has been in power, shares of Sun TV have been underperformers. The stock has delivered negative returns in 2024 (Down 4%), 2025 (Down 14%) and 2022 (Down 3%). The stock had gained 4% in 2021 and 46% in 2023, barring 2023 when the stock gained 46%. This consistent underperformance pattern reflects the market's sensitivity to political changes in Tamil Nadu.
