Dish TV hits one-month high; stock zooms 93% from January 28 low

Shares of Dish TV India moved higher by 13 per cent to Rs 37.10 apiece on the BSE in intra-day trade on Monday in an otherwise weak market.
The stock of the country’s largest direct-to-home (DTH) company was trading at a one-month high. It zoomed 93 per cent from its January 28, 2019 low of Rs 19.25, as compared to 1 per cent fall in the S&P BSE Sensex.

Dish TV India had touched a 10-year low on January 28, slipping 43 per cent in two trading sessions, driven by promoters’ pledge and media reports that suggested a link which emerged between Essel Group and a company being probed for suspected demonetisation deposits. However, the company had clarified that it had no dealings whatsoever with Nityank Infrapower and Multiventures.

Read more

You may also like

More in Broadcasting

Comments are closed.