Introduction:
Sun TV was incorporated as Sumangali Publications Private Limited on December 18, 1985. The word `private’ in the name of the Company was deleted with effect from July 1, 1996 pursuant to Section 43A (1A) of the Companies Act, 1956. The name of the Company was changed to Sun TV Limited by a special resolution of the members passed at an extraordinary general meeting held on March 23, 2000. The fresh certificate of incorporation consequent to the change of name was granted to the Company on March 27, 2000, by the Registrar of Companies, Tamil Nadu. The word ‘private’ was reinserted in the name of the Company by the provisions of Section 43A (2A) of the Companies Act, 1956 on October 9, 2001.
Sun TV Network Ltd has launched its FM Radio Station at Mysore under the brand ‘S FM’ on April 03, 2008 through its subsidiary Kal Radio Ltd. This Station can be heard at 93.5 MHz frequency in Mysore and caters to the audience of all age groups. With the launch of this FM Station, the total operational FM Stations of Sun TV boosts up to 28, as it already operates at different states of India. The Company holds licenses for 45 FM Radio Stations across India, and will be one of the largest radio broadcasters in India when all the remaining 17 stations become operational.
Astrological Analysis:
Ganesha analyzes the Sagittarius rising Ascendant with deposition of Sun in Mula constellation. Jupiter is in second house where as moon is in third house. Rahu and Mars are in opposition in Aries and Libra respectively. There is a conjunction of Saturn, Venus, and Mercury in twelfth house. A well aspected Jupiter in Ascendant showers prosperity and success on the company. Jupiter imbibes such a culture that gives over all expansion. The company also plans and implements its expansion programmes with success.
But Ganesha feels that during the retrogression Of Jupiter, Saturn will be ready to bring disputes and legal problems to the company. Company may have to bear some losses during July-August 2008. Ganesha advises to do several well-being activities for its share holders to avoid losses. Ganesha feels that the launching of its FM Radio Station at Mysore under the brand ‘S FM’ is only due to the great transit of Jupiter from its first house.
The below is the price analysis of company’s share price.
Short Term: Hold
Medium Term: Buy
Long Term: Buy
Conclusion:
The transit of Jupiter played a major role in the launch of the new FM station by Sun TV. The execution of expansion plans are also envisaged, which shows the company progress. To avoid the envisaged losses, the company needs to make the share holders happy.
With Ganesha’s Grace,
Malav Bhatt,
www.GaneshaSpeaks.com