Shares of Sun TV, SpiceJet gain after Jayalalitha's arrest in disproportionate assets case
A special court on Saturday sentenced Tamil Nadu Chief Minister
Jayalalithaa to four years in jail in disproportionate assets case.
Abhishek Vishnoi- Updated Sep 29, 2014 11:40 AM IST
Photo: Reuters
Shares of Sun TV Network gained 2.6 per cent in the early session on Monday, while the shares of SpiceJet surged 1.63 per cent.
Traders said gains were seen due to management control of the two companies by family members of key opposition party leaders in Tamil Nadu, which until last week was led by Jayalalithaa Jayaram.
A special court on Saturday sentenced Tamil Nadu Chief Minister Jayalalithaa to four years in jail in disproportionate assets case.
(Reuters)
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Sep 29, 2014 11:22 AM IST