DISH TV Plunges by 7%; BSE 500 Index Up 0.1%
February 6, 2019 10:52 AM

DISH TV share price has plunged 7% and is presently trading at Rs 25.

Meanwhile, the BSE 500 Index is at 14,412 (up 0.1%).

Among the top losers in the BSE 500 Index today are DISH TV (down 6.8%) and TATA CHEMICALS (down 8.0%).

SRF LTD (up 6.6%) and TECH MAHINDRA (up 6.1%) are among the top gainers today.

Over the last one year, DISH TV has moved down from Rs 75 to Rs 25, registering a loss of Rs 50 (down 66.3%)..

The BSE 500 has moved down from 14,793 to 14,412, loss of 381 points (down 2.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were V-MART RETAIL (up 82.7%), VINATI ORG. (up 79.6%) and BATA INDIA (up 68.6%).

What About the Benchmark Indices?

The BSE Sensex is at 36,894 (up 0.4%). The top gainers among the BSE Sensex stocks today are INFOSYS LTD (up 1.4%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 11,019 (up 0.5%). ZEE ENTERTAINMENT (up 6.2%) and TECH MAHINDRA (up 5.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,757 to 36,894, registering a gain of 2,137 points (up 5.8%).

DISH TV Financial Update...

DISH TV net profit declined 651.1% YoY to Rs 197 million for the quarter ended September 2018, compared to a loss of Rs 36 million a year ago. Net Sales rose 115.2% to Rs 15.9 billion during the period as against Rs 7.4 billion in July-September 2017.

For the year ended March 2018, DISH TV reported 203.4% decrease in net profit to Rs 849.0 million compared to net profit of Rs 821.0 million during FY17.

Revenue of the company grew 53.7% to Rs 46 billion during FY18.

The current Price to earnings ratio of DISH TV, based on rolling 12 month earnings, stands at 24.4x.