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Dish TV zooms on planning to launch android set top boxes

24 Sep 2019 Evaluate

Dish TV is currently trading at Rs. 21.90, up by 1.45 points or 7.09% from its previous closing of Rs. 20.45 on the BSE.

The scrip opened at Rs. 20.75 and has touched a high and low of Rs. 22.40 and Rs. 20.00 respectively. So far 2374160 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 62.00 on 24-Sep-2018 and a 52 week low of Rs. 16.05 on 20-Sep-2019.

Last one week high and low of the scrip stood at Rs. 22.50 and Rs. 16.05 respectively. The current market cap of the company is Rs. 3995.59 crore.

The promoters holding in the company stood at 57.52%, while Institutions and Non-Institutions held 15.38% and 17.77% respectively.

Dish TV India is planning to launch android set top boxes in the next few weeks responding to the changing scenario in entertainment space. Besides, the company is also betting big on its over-the-top (OTT) platform for online streaming and hopes to stay afloat in the upcoming competition which poses a threat to the company to retain its premium segment customers.

Dish TV is India's largest Direct to Home television operator using MPEG 4 DVB S2 and MPEG 2 digital compression technology.

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