Dish TV gains after multiple block deals

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Capital Market
Last Updated : Nov 28 2013 | 11:55 PM IST

Dish TV India rose 1.57% to Rs 51.85 at 10:29 IST on BSE after three block deals aggregating 9.52 lakh shares were executed in the counter on BSE.

A block deal of 4 lakh shares was executed at Rs 51.40 per share at 9:26 IST. Another block deal of 4 lakh shares was executed at Rs 51.45 per share at 9:27 IST. Third block deal of 1.52 lakh shares was executed at Rs 51.65 per share at 9:51 IST. The three block deals constitute 0.89% of Dish TV India's equity.

Meanwhile, the S&P BSE Sensex was up 172.06 points or 0.84% at 20,592.32.

On BSE, 10.18 lakh shares were traded in the counter as against average daily volume of 1.74 lakh shares in the past two weeks.

The stock hit a high of Rs 52 and a low of Rs 51 so far during the day. The stock had hit a 52-week high of Rs 82.40 on 7 December 2012. The stock had hit a 52-week low of Rs 39.75 on 4 September 2013.

Dish TV India reported a net loss of Rs 16 crore in Q2 September 2013 as against net profit of Rs 55.09 crore in Q2 September 2012. Net sales rose 10.6% to Rs 589.68 crore in Q2 September 2013 over Q2 September 2012.

Dish TV is Asia Pacific's largest direct-to-home (DTH) company and part of India's biggest media conglomerate -- the Zee Group.

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First Published: Nov 28 2013 | 10:29 AM IST

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