On Thursday, shares of Dish TV India rose 10% on the BSE in a sluggish market, reaching a high of Rs22.30, an increase of more than 11 months. Following Jawahar Lal Goel’s departure from the company’s board of directors, the stock has increased 46% in the last week.
Dish TV stated in an exchange filing that Jawahar Lal Goel, chairman, and director of the firm, has submitted his resignation from the board of directors of the company and committee(s) thereof through a letter dated September 19, 2022. On Monday, September 26, Dish TV will hold its annual general meeting.
The stock of the TV broadcasting and software creation business has soared 92% in the last month, while the S&P BSE Sensex has fallen by 1.2%. It was quoted near its 52-week high level of Rs22.95, which was reached on September 27, 2021, and was trading at its highest level since September 2021 today. Dish TV was trading 4% higher at Rs 21.19 at 12:38 p.m., while the S&P BSE Sensex was down 1.4% at the same time.
One of the top companies in the Direct-to-Home (DTH) sector is Dish TV India. The corporation, which operates a number of distinct brands under its umbrella like Dish TV, Zing, and d2h, has a significant presence throughout urban, rural, and semi-urban areas in India. These brands have great brand equity thanks to their wide range of SD/HD channels and value-added services.
“Dish TV sees the availability of different content distribution systems as an opportunity. The business is continually seeking innovative methods to serve both current customers and potential new ones, going beyond modern offers of hybrid boxes and the OTT platform “Watcho.” The firm is in a prime position to take advantage of new possibilities thanks to its continuous focus on technology, customer centricity, a lean financial sheet, and an optimised cost structure “In its FY22 annual report, Dish TV stated.
Dish TV accepted two of Yes Bank’s board nominations last month, and on August 30 it gave one more candidate from the institution some thought. These people included Haripriya Padmanabhan, Arvindnachya Chandranachya, and Girish Paranjpe.
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