Wait and watch

Reliance Industries is expected to take on rivals in DTH space like it did with its telecom foray

The media is abuzz with Reliance Industries’ impending foray into the direct-to-home (DTH) space. The company is expected to take on rivals just the way it did with its telecom foray — by offering services free of cost to customers for the first six months and later at a fraction of the existing rates. While the rumours have excited television viewers — as TV viewing cost will dip — the stock market is in wait-and-watch mode. Shares of most DTH and cable companies gained on Wednesday.