Cabinet approves 100% FDI in DTH sector; should you buy related stocks?

A sustained move above Rs 38 levels may see an aggressive upside in Hathway Cable and Datacom

Shares of Direct-to-home (DTH) service providers came under investor radar on Thursday, a day after the Union Cabinet approved changes to allow 100 per cent FDI in the DTH broadcasting services sector. It also said that licences will now be issued for 20 years with a renewal provision after every 10 years. At present, DTH licences are issued for 10 years. READ MORE

On the BSE, shares of Hathway Cable and Datacom, Den Networks, and GTPL Hathway zoomed between 5.4 per cent and 6.6 per cent in the early morning deals. Shares of Dish TV, however, were down