Sun TV Shares Rise Over 30% In A Month: Why The Rally?

Sun TV Network shares are having a sharp September run, with the stock up around 28% so far this month. Several potential earnings catalysts, including the performance of Sun TV's cricket franchise, the upcoming release of Jailer 2 and the company's cash position, have now come into focus. The biggest boost in Q1 FY27 came from cricket. Sun TV's cricket franchise revenue rose about 33% year on year, reaching nearly Rs 630 crore, helping consolidated revenue rise 13%. EBITDA increased 19%, while profit after tax climbed 16%. The EBITDA margin stood at around 51.5%.