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Dish TV hits 52-week high on trimming losses in Q3

The stock up 4% at Rs 77.50 on BSE after reported net loss of Rs 2.87 in December quarter against loss of Rs 38 crore in year ago quarter.

SI Reporter Mumbai
Dish TV India is trading higher by 4% to Rs 77.50 on BSE after reporting a standalone net loss of Rs 2.87 crore for the quarter ended December 31, 2014 (Q3).

The Zee group firm engaged in broadcasting and cable TV business had a standalone net loss of Rs 38.25 crore for the October-December quarter of the last fiscal.

The company’s net sales in the quarter under review grew 17% at Rs 711 crore as against Rs 610 crore in the same quarter a year ago, Dish TV said in a filing with the BSE.

The stock opened at Rs 75.75 and hit a 52-week high of Rs 78.25 on BSE. A combined 2.77 million shares changed hands on the counter in early morning trade on BSE and NSE.
 
 

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First Published: Jan 23 2015 | 9:27 AM IST

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