Dish TV spurts on bargain hunting

Dish TV India rose 8.28% to Rs 17.65 on bargain hunting after a recent slide.

The stock fell 21.82% in three trading sessions to settle at Rs 16.30 on Tuesday, 1 October 2019, from its close of Rs 20.85 on 26 September 2019.

Meanwhile, the S&P BSE Sensex was down 164 points or 0.43% to 38141.81.

On the BSE, 15.77 lakh shares were traded in the counter so far compared with average daily volumes of 26.79 lakh shares in the past two weeks. The stock hit a high of Rs 18.25 and a low of Rs 16 so far during the day.

The stock hit a 52-week high of Rs 59.5 on 01 Oct 2018. The stock hit a 52-week low of Rs 14.55 on 01 Oct 2019.

On a consolidated basis, Dish TV reported a net loss of Rs 31.98 crore in Q1 June 2019 over a net profit of Rs 27.87 crore in Q1 June 2018.

Dish TV India is India's largest direct-to-home (DTH) company. The company owns multiple individual brands like Dish TV, Zing and d2h under its umbrella.

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