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Dish TV drops after Wednesday's gains

Capital Market/ 15:10 , Feb 28, 2013

Dish TV India lost 1.29% to Rs 65.20 at 15:12 IST on BSE, with the stock sliding on profit booking after Wednesday's 4.42% gains.

Meanwhile, the S&P BSE Sensex was down 334.77 points or 1.75% at 18,817.64.

On BSE, 7.57 lakh shares were traded in the counter as against average daily volume of 4.86 lakh shares in the past two weeks.

The stock hit a high of Rs 68 and a low of Rs 64.40 so far during the day.

Shares of Dish TV India had risen 4.42% to settle at Rs 66.05 on Wednesday, 27 February 2013.

Dish TV India reported net loss of Rs 44.88 crore in Q3 December 2012, higher than net loss of Rs 42.96 crore in Q3 December 2011. Net sales rose 12.9% to Rs 556.68 crore in Q3 December 2012 over Q3 December 2011.

Dish TV is Asia Pacific's largest direct-to-home (DTH) company and part of India's biggest media conglomerate -- the Zee Group. Dish TV has on its platform more than 400 channels and services including 22 audio channels and over 40 HD services with more than 14.7 million gross subscribers as of 31 December 2012.


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