Dish TV surges after recent slide

Dish TV India surged 3.8% to Rs 56.05 at 12:26 IST on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was down 136.59 points or 0.54% at 25,091.58.

On BSE, so far 21.12 lakh shares were traded in the counter as against average daily volume of 12.99 lakh shares in the past one quarter.

The stock hit a high of Rs 57.20 and a low of Rs 53.10 so far during the day. The stock had hit a 52-week high of 68.10 on 18 June 2013. The stock had hit a 52-week low of Rs 39.75 on 4 September 2013.

The stock had outperformed the market over the past one month till 13 June 2014, surging 19.21% compared with the Sensex's 5.68% rise. The scrip had, however, underperformed the market in past one quarter, jumping 11.11% as against Sensex's 15.86% rise.

The company has equity capital of Rs 106.50 crore. Face value per share is Re 1.

Shares of Dish TV India had declined 9.62% in three trading sessions to settle at Rs 54 on Friday, 13 June 2014, from a recent high of Rs 59.75 on 10 June 2014.

Dish TV India reported a net loss of Rs 149.05 crore in Q4 March 2014, higher than net loss of Rs 43.62 crore in Q4 March 2013. Net sales rose 14.5% to Rs 634.85 crore in Q4 March 2014 over Q4 March 2013.

Dish TV is Asia Pacific's largest direct-to-home (DTH) company and part of India's biggest media conglomerate -- the Zee Group.

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