DISH TV Plunges by 12%; BSE 500 Index Up 0.1%
June 10, 2019 01:38 PM

DISH TV share price has plunged 12% and is presently trading at Rs 28.

Meanwhile, the BSE 500 Index is at 15,536 (up 0.1%).

Among the top losers in the BSE 500 Index today are DISH TV (down 12.0%) and DILIP BUILDCON LTD (down 10.8%).

MANAPPURAM FINANCE (up 4.7%) and MOTHERSON SUMI (up 4.2%) are among the top gainers today.

Over the last one year, DISH TV has moved down from Rs 74 to Rs 28, registering a loss of Rs 46 (down 61.7%)..

The BSE 500 has moved up from 14,743 to 15,536, registering a gain of 793 points (up 5.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 142.9%), VINATI ORGANICS (up 118.1%) and DCM SHRIRAM (up 92.2%).

What About the Benchmark Indices?

The BSE Sensex is at 39,979 (up 0.3%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 1.9%). The most traded stocks in the BSE Sensex are ITC and TATA STEEL.

In the meantime, NSE Nifty is at 11,975 (up 0.3%). BRITANNIA (up 2.8%) and BHARTI INFRATEL (up 2.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,463 to 39,979, registering a gain of 4,516 points (up 12.0%).

DISH TV Financial Update...

DISH TV net profit down at Rs 14 billion for the quarter ended March 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 7.8% to Rs 14.0 billion during the period as against Rs 15.2 billion in January-March 2018.

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 down 3.9x.