Intraday Buy Call For Dish TV
Technical analyst Anil Singhvi has maintained 'buy' rating on Dish TV India Limited stock with an intra-day target of Rs 64.
According to analyst, the stock can be purchased with a stop loss of Rs 58.
The stock of the company, on February 02, closed at Rs 58.95 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 77.35 and a low of Rs 35.75 on BSE.
Current EPS is -2.00.
Dish TV India has announced an increase of 35% in its standalone revenues for the three month period ended December 2010.
DTH operator standalone revenues for Oct-Dec 2010 period stood at Rs 374.9 crore as against the same period last year.
Earnings Before Interest Taxes Depreciation and Amortization or operating profit, increased four times in the same period to Rs 68.4 crore as against the same period of 2009.
Dish TV's net loss declined to Rs 44.3 crore from Rs 76.3 crore for the corresponding period of last financial year, reflecting continuous perfection in the overall biz performance.
Mr. Subhash Chandra, chairman, Dish TV, stated, "India continues to be one of the fastest growing DTH markets in the world and Dish TV remains on track to capitalise on the opportunity. Having consistently garnered an incremental market share above 25% in a six player market, Dish TV's strategic initiatives have been delivering commendable results."