The SUN TV stock has witnessed a heavy hammering, which has taken it to trade down by 30%. The crash comes in the wake of a Public Interest Litigation filed against Dayanidhi Maran.
The litigation has alleged Mr. Maran as a key beneficiary of the 2G scam. Dayanidhi Maran is the brother of Kalanithi Maran, who owns Sun TV.
The Stock plunged by over 30% to witness a day low of 260.10, at 11:55 AM. 16 Million shares have been traded in this counter in the NSE.
At 12:13 PM, the Nifty is holding at 5564, down by 28 pts or 0.5% in the red.
Sesagoa is also down by 3%.