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Dish TV drops on profit booking

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Dish TV India fell 3.18% to Rs 112.75 at 14:53 IST on BSE on profit booking after gaining 16.85% in preceding nine trading days.

Meanwhile, the S&P BSE Sensex was down 508.75 points or 1.94% at 25,684.23

On BSE, so far 2.22 lakh shares were traded in the counter as against average daily volume of 6.54 lakh shares in the past one quarter.

The stock hit a high of Rs 117 and a low of Rs 112.40 so far during the day. The stock had hit a 52-week low of Rs 52.25 on 26 September 2014. The stock had hit a 52-week high of Rs 121.85 on 6 August 2015.

 

The stock had outperformed the market over the past one month till 21 September 2015, rising 6.54% compared with Sensex's 4.29% fall. The scrip also outperformed the market in past one quarter, gaining 10.27% as against Sensex's 4.11% fall.

The large-cap company has equity capital of Rs 106.58 crore. Face value per share is Re 1.

Shares of Dish TV India had gained 16.85% in preceding nine trading days to settle at Rs 116.65 on 21 September 2015 from a recent low of Rs 99.65 on 7 September 2015.

On a consolidated basis, Dish TV India reported net profit of Rs 54.21 crore in Q1 June 2015 as compared to net loss of Rs 14.97 crore in Q1 June 2014. Dish TV India's net sales rose 19.2% to Rs 734.56 crore in Q1 June 2015 over Q1 June 2014.

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

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First Published: Sep 22 2015 | 2:58 PM IST

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