Dish TV India was up 1.79% to Rs 108.15 at 15:08 IST on BSE on reports a foreign brokerage has maintained outperform rating on the stock for a target of Rs 125.
Meanwhile, the S&P BSE Sensex was up 175.36 points or 0.6% at 29,343.04.
On the BSE, 1.86 lakh shares were traded on the counter so far as against the average daily volumes of 17.59 lakh shares in the past one quarter. The stock had hit a high of Rs 108.90 and a low of Rs 106.55 so far during the day.
The stock had hit a 52-week high of Rs 109.90 on 1 August 2016 and a 52-week low of Rs 76.90 on 9 November 2016. The stock had outperformed the market over the past one month till 22 March 2017, advancing 12.97% compared with the Sensex's 1.05% rise. The scrip had also outperformed the market over the past one quarter, gaining 27.02% as against the Sensex's 12.27% rise.
The large-cap company has equity capital of Rs 106.60 crore. Face value per share is Rs 1.
On a consolidated basis, Dish TV India's net profit fell 61% to Rs 26.68 crore on 3.5% decline in net sales to Rs 741.74 crore in Q3 December 2016 over Q3 December 2015.
Dish TV 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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