Dish TV India hits 10-year low; stock tanks 43% in two sessions

Shares of Dish TV India hit a 10-year low of Rs 19.10, down 15 per cent on the NSE in intra-day trade.

Shares of Dish TV India hit a 10-year low of Rs 19.10 apiece, down 15 per cent on the National Stock Exchange (NSE) in the intra-day trade on Monday, despite clarification that the company had no dealings whatsoever with Nityank Infrapower and Multiventures Ltd, as per the media reports.

Today, the stock climbed as much as 11 per cent to Rs 24.80 in the intra-day session on NSE. On the downside, it slipped 23 per cent from the day's high to Rs 19.10. At the time of writing this report, It was trading at its lowest level since January 28, 2009.