Sun TV Share Price: Shares of Sun TV Network Ltd. have tanked over 9% on Monday, April 4, after actor-turned-politician Vijay’s party, the TVK, has emerged as the frontrunner in the 2026 State Assembly
elections of Tamil Nadu, throwing out the incumbent DMK.
In its first-ever assembly election, TVK appears to be converting Vijay’s massive popularity into electoral gains at scale. The party’s strong showing signals a potential break from Tamil Nadu’s decades-old bipolar politics dominated by the DMK and AIADMK.
Shares were trading at Rs 563.50 per share with a fall of 6.29 per cent around 2:00 pm.
What’s The Connection Of Sun Tv With DMK?
The reason of the decline of Sun TV shares linked to the connection of its owner, the Maran family, with Kalanithi Maran, who is the grand-nephew of the late DMK patriarch M Karunanidhi.
What Brokerage Says
According to Kunal Kamble of Bonanza, the stock has broken below its short-term uptrend and key moving averages (20 & 50 DMA), signaling a loss of bullish momentum. A high-volume bearish breakdown and RSI near 40 indicate weakening strength, though not yet oversold.
Repeated rejection in the Rs 650–670 zone has formed a lower-high pattern, shifting the outlook to bearish-to-sideways. Unless the stock reclaims its moving averages, further downside or consolidation is likely.
The stock reaction came as counting trends indicated a strong performance by the newly formed Tamilaga Vettri Kazhagam (TVK), led by actor-politician Vijay, which was leading in over 100 constituencies. The AIADMK was in second place, while the ruling DMK lagged behind in the race.
