SUNTV - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | SUNTV | Market Cap | 23,866 Cr. | Current Price | 606 ₹ | High / Low | 662 ₹ |
| Stock P/E | 14.8 | Book Value | 306 ₹ | Dividend Yield | 2.48 % | ROCE | 20.4 % |
| ROE | 15.7 % | Face Value | 5.00 ₹ | DMA 50 | 599 ₹ | DMA 200 | 589 ₹ |
| Chg in FII Hold | 0.17 % | Chg in DII Hold | 0.27 % | PAT Qtr | 320 Cr. | PAT Prev Qtr | 350 Cr. |
| RSI | 49.5 | MACD | 3.14 | Volume | 5,36,321 | Avg Vol 1Wk | 4,51,212 |
| Low price | 480 ₹ | High price | 662 ₹ | PEG Ratio | 4.80 | Debt to equity | 0.01 |
| 52w Index | 69.0 % | Qtr Profit Var | -7.94 % | EPS | 39.0 ₹ | Industry PE | 20.4 |
📈 Chart Patterns & Trend: SUNTV is consolidating near its 50 DMA (₹599) with current price at ₹606. The 200 DMA (₹589) provides strong support. Trend bias is neutral, with sideways consolidation after recent profit decline.
📊 Indicators: RSI at 49.5 signals neutral momentum. MACD positive at 3.14 suggests mild bullish crossover. Bollinger Bands show price near mid-band, indicating consolidation phase.
🔎 Volume: Current volume (5.36 Lakh) is slightly above average weekly volume (4.51 Lakh), showing moderate participation.
🎯 Entry Zone: ₹590–₹600 (near 200 DMA support)
🚪 Exit Zone: ₹640–₹655 (resistance near recent highs)
Positive
- Strong ROCE (20.4%) and ROE (15.7%) reflect efficient capital usage.
- Dividend yield of 2.48% adds investor appeal.
- EPS of ₹39 shows consistent profitability.
- FII (+0.17%) and DII (+0.27%) holdings increased, signaling institutional confidence.
- Low debt-to-equity ratio (0.01) ensures financial stability.
Limitation
- Sequential PAT decline (₹350 Cr. → ₹320 Cr.) with -7.94% variation.
- PEG ratio at 4.80 indicates expensive growth expectations.
- Stock P/E (14.8) is below industry average (20.4), suggesting limited valuation upside.
Company Negative News
- Decline in quarterly profits raises concerns about earnings consistency.
- High PEG ratio signals limited growth at current valuations.
Company Positive News
- Strong profitability metrics with high ROCE/ROE.
- Dividend yield above 2% supports investor interest.
- Institutional buying (FII and DII) adds confidence.
Industry
- Industry PE at 20.4 vs SUNTV’s PE of 14.8, suggesting undervaluation.
- Media & entertainment sector benefiting from advertising recovery and digital expansion.
Conclusion
SUNTV is consolidating near ₹606 with support at ₹590 and resistance at ₹655. Technicals suggest cautious accumulation near support zones with strict stop-loss discipline. Fundamentals remain strong with profitability and dividend yield, but profit decline and high PEG ratio are limitations. Breakout above ₹655 could unlock momentum towards new highs.
Would you like me to extend this with a peer benchmarking overlay (e.g., comparing SUNTV against ZEEL, PVRINOX, and NETWORK18) to highlight sector-relative strength?