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.