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Dish TV India drops on profit booking

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Capital Market

Dish TV India fell 1.43% to Rs 86.45 at 13:35 IST on BSE, with the stock declining on profit booking after recent upmove.

Meanwhile, the BSE Sensex was up 196.71 points, or 0.69%, to 28,713.50

On BSE, so far 1.71 lakh shares were traded in the counter, compared with an average volume of 5.10 lakh shares in the past one quarter.

The stock hit a 52-week high of Rs 89.05 in intraday trade today, 8 April 2015. The stock hit a low of Rs 86.20 so far during the day. The stock hit a 52-week low of Rs 43.25 on 8 May 2014.

 

The stock had outperformed the market over the past one month till 7 April 2015, rising 6.17% compared with 3.17% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 31.68% as against Sensex's 5.97% rise.

The mid-cap company has an equity capital of Rs 106.56 crore. Face value per share is Re 1.

Shares of Dish TV India were on a roll recently, gaining 12.87% in past eight trading days to Rs 87.70 yesterday, 7 April 2015 from recent low of Rs 77.70 on 24 March 2015.

Dish TV India reported a net loss of Rs 2.87 crore in Q3 December 2014, lower than net loss of Rs 38.25 crore in Q3 December 2013. Net sales rose 16.6% to Rs 711.22 crore in Q3 December 2014 over Q3 December 2013.

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

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First Published: Apr 08 2015 | 1:47 PM IST

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