The company has migrated 90 percent of its 24 million subscribers to TRAI’s new pay-TV regime, said CLSA.
Shares of Dish TV India rose 7.5 percent intraday Thursday as broking house CLSA has maintained buy call the stock with a target of Rs 70 per share.
The company has migrated 90 percent of its 24 million subscribers to TRAI’s new pay-TV regime, said CLSA.
The key catalyst will be the impending Essel group deleveraging. The stock valuation is compelling at 2.5x EV/EBITDA, while the risk-reward is favourable at current levels, it added
At 11:28 hrs Dish TV India was quoting at Rs 36.45, up Rs 2.05, or 5.96 percent on the BSE.
The share touched its 52-week high Rs 81.70 and 52-week low Rs 19.25 on 13 April, 2018 and 28 January, 2019, respectively.
Currently, it is trading 55.57 percent below its 52-week high and 88.57 percent above its 52-week low.
Financial Advisory which means a lot to a business holders, we can do best with your investments with all mandatory work skills. Subscribe us now and get two days Free Trial >> Call Put Option Tips
No comments:
Post a Comment