Dish TV soars on the bourses

Dish TV is currently trading at Rs. 62.40, up by 1.20 points or 1.96% from its previous closing of Rs. 61.20 on the BSE.

The scrip opened at Rs. 62.50 and has touched a high and low of Rs. 62.85 and Rs. 62.00 respectively. So far 177242 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 94.20 on 20-Jul-2011 and a 52 week low of Rs. 52.00 on 27-Feb-2012.

Last one week high and low of the scrip stood at Rs. 65.65 and Rs. 60.05 respectively. The current market cap of the company is Rs. 6642.00 crore.

The promoters holding in the company stood at 64.75% while Institutions and Non-Institutions held 16.63% and 7.63% respectively.

Dish TV, India-Asia’s largest DTH operator, is offering the Indian Premiere league (IPL) action in high definition (HD) on SET Max with no cost. With the maximum number of HD channels and services available, this move is aimed by the company in a bid to gain market share for which it has given bonanza time for sports lovers by offering IPL in HD feed FREE for their HD customer base.

Besides, the company is also looking to further expand its HD customer base as Dish truHD+ has got overwhelming response from the market.

Dish TV is India’s largest direct-to-home company and part of the biggest media conglomerate - Zee Group. Dish TV has on its platform 330+ channels and services including 21 audio channels with 12.5 million subscribers.