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Dish TV India spurts after credit rating upgrade

Capital Market 

Dish TV India was up 9.02% to Rs 28.40 at 14:23 IST on the BSE after CARE Ratings revised rating on the company's bank facilities to CARE A3+ from CARE A3.

The announcement was made during market hours today, 11 July 2019.

Meanwhile, the S&P BSE Sensex was up by 311.68 points, or 0.81% to 38,868.72.

On the BSE, 26.03 lakh shares were traded in the counter so far compared with average daily volumes of 38.97 lakh shares in the past two weeks. The stock had hit a high of Rs 28.65 and a low of Rs 25.85 so far during the day. It hit a 52-week high of Rs 74.30 on 16 July 2018 and a 52-week low of Rs 19.25 on 28 January 2019.

On a consolidated basis, Dish TV India's net profit rose 67.1% to Rs 202.63 crore on a 8.7% fall in the net sales to Rs 1398.75 crore in Q4 March 2019 over Q4 March 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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 11 2019. 14:25 IST