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Topic : Season of downfall
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No involvement in 2G scam: Sun TV

Created by : Esha Johar, Risk Analyst, Irevna  | 06 03 2011 09:54:25 +0000
Industry : Investment BankingFunctional Area : India(Markets)
Keywords : shares share market indian markets 2g scam sun tv
Activity:  523 views;  last activity : 10 18 2011 08:56:23 +0000

The market share of SUN TV fell down drastically with news of its involvement in 2G scam and noe they have come out  claiming that they have no involvement in the same. As per the lawsuit, after Aircel was taken over by Malaysia's Maxis Communications, Sun TV received substantial investment from Maxis Group (Aircel) which took 20 per cent equity in DTH services firm Sun Direct.So what do you think of doing now.

  
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No interest in Sun Tv shares Vs It is good time to buy Sun tv shares
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As we can see that right now the prices have gonne down, it si the bst time to invest . The prices will rise again for sure so just buy , wait and watch.
By Esha Johar, Risk Analyst, Irevna  06 03 2011 09:54:25 +0000
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Dayanidhi may go scot free but he is involved. Our law is more inclined to provide the benefit of suspicion, but people know the Scam. Stand away from such companies or face like Satyam.
By PRITHVI RAJ DUBEY, Managing Director, RAJ ENGINEERING INDUSTRIES PVT LTD  | 06 14 2011 06:59:10 +0000
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There are lot more companies to invest, there is speculation that Union textiles minister Dayanidhi Maran could be entangled in the 2G spectrum allocation scam probe. He is also being accused for having 323 phone connections with exchange.
By Mohan Murari, Marketing Manager, Confidential  | 06 03 2011 12:02:04 +0000
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I think its not the right time to buy Sun Tv as the whole DMK family is linked to the 2g Spectrum anyhow, so it is not viable to invest in their companies. They have misused the ex chequers money. Firstly Karunanidhi distributed 1.9 crore televisions free in state and but didnt commit them free cable operations for which the rights were given to the Sun TV and cable netweorks which is the company of Dayanidhi's Maran's brother. So indirectly sourced a bog revenue generation for their own objectives, even as a textile minister he has tkaen bribe from the cotton exporters to issue them 5% incentives for the cotton exported in the previous year and once the cotton prices rose he again took bribe from textile mills to ban cotton export. Maran is corrupt politician and the link goes to other higher grade politicians.
By Darshil , CEO/MD/Director, Darshil Cotton Company  | 06 03 2011 10:28:51 +0000
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Whenever there is a down slide on any aspect of life there seems to be a furore. SUN TV shares should be discussed purely for its business value and not whether some party is guilty or not. Buying shares will entitle you to them even in the eventuality of a government take over of the company. SUN TV has made a mrk in the business with regular viewership. As a business it is successful. So, I would advise buying the shares.
By M Sultan Mohideen, CEO/MD/Director, Sonmoks  | 10 18 2011 08:56:23 +0000
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WHEN CHIPS R DOWN NO DOUBT IT IS THE RIGHT TIME TO VENTURE. BUT  WE ALL FAIL TO UNDERSTAND THE REAL STOCK OF THE SITUATION WHAT THE SUN TV IS FACING. EVEN THOUGH THE MARAN BROS DENY ALL ALLEGATIONS  WE ALL KNOW PRETTY WELL THAT WHEN DAYANIDHI MARAN WAS THE THEN IT MINISTER HE OUT RIGHTLY DEMANDED 1500 CR ORES FROM MR RATAN TATA WHICH ROCKED THE PARLIAMENT SOME YEARS AGO. IF OUR CALCULATION AND MANIPULATION GO VERY WELL  BOTH CAN HAPPEN. THANKS FOR THE REFERRAL.
By sudhakar , BUSINESS CONSULTANT  | 06 13 2011 16:43:01 +0000
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Providing you are willing to wait and take the risk of the legal outcome that is to follow.
By Jaygopal Raghavan, Marketing Manager, Landmark Group  | 06 07 2011 17:59:39 +0000
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esha u r right
By puneet , Manager Admin  | 06 04 2011 11:25:15 +0000
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Esha I agree with you actually one should also invest in spice jet as of now to earn a good return within say 3 to 6 months time.
By Rathin Deb, Advisor and retail consultant, currently as Branch Manager, Tower Infotech Ltd  | 06 03 2011 13:23:01 +0000
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