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Sun TV share price: Why IPL team value is the new trigger; Elara sees 45% upside - Check target price
Mint 1 hr ago·9 Oct 2026, 12:01 pm
Sun TV Network is gaining investor attention as Elara Securities upgrades its outlook, citing the rising value of its sports franchises. The brokerage firm has raised its target price to ₹925, up from ₹780, attributing this to the growing market value of its IPL team. This valuation boost comes as recent sales of other IPL franchises have set new benchmarks for sports assets.
For investors, this move signals that Sun TV's non-media assets are increasingly being recognized as a significant growth driver. The stock's performance may now hinge on the continued appreciation of its sports portfolio alongside its traditional media business. Market participants should monitor upcoming IPL auction results and any further commentary from brokerages regarding the valuation of sports assets.
Moving forward, the key focus will be on how Sun TV leverages its sports franchises to enhance overall profitability. Investors should track the company's quarterly results to see if the premium valuation is supported by actual earnings growth from these assets.
Excerpt from Mint
Elara Securities retained its buy rating on Sun TV and raised its target price to ₹ 925 from ₹ 780, citing the growing value of its sports franchises. The brokerage’s valuation includes Sun TV’s cash-generative media business and benchmarks from recent IPL team sales. Sun TV share price : Sun TV Network’s investment…Read the original at Mint
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Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns India Pesticides (IPL).
- Category: Company.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update for India Pesticides. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
