Buy Sun TV Network, target price Rs 588: Nomura

Nomura has retained buy rating on Sun TV Network and cut target price to Rs 588 from Rs 731. The stock ended up 0.7 per cent at Rs 376.85 on Friday while the BSE Sensex closed 535.86 points down (-1.68 per cent) at 31,327.22.

Sun TV Network Ltd., incorporated in 1985, has a market cap of Rs 14851.08 crore.