DISH TV Plunges by 5%; BSE 500 Index Down 0.5%
June 14, 2019 11:26 AM

DISH TV share price has plunged 5% and is presently trading at Rs 31.

Meanwhile, the BSE 500 Index is at 15,446 (down 0.5%).

Among the top losers in the BSE 500 Index today are DISH TV (down 5.1%) and GRUH FINANCE (down 5.8%).

INOX LEISURE (up 2.7%) and G.E.SHIPPING (up 2.6%) are among the top gainers today.

Over the last one year, DISH TV has moved down from Rs 73 to Rs 31, registering a loss of Rs 43 (down 58.0%)..

The BSE 500 has moved up from 14,878 to 15,446, registering a gain of 568 points (up 3.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 151.0%), VINATI ORGANICS (up 100.3%) and BATA INDIA (up 84.8%).

What About the Benchmark Indices?

The BSE Sensex is at 39,800 (down 0.5%). The top gainers among the BSE Sensex stocks today are L&T (up 0.9%). The most traded stocks in the BSE Sensex are POWER GRID and L&T.

In the meantime, NSE Nifty is at 11,912 (down 0.5%). BHARTI INFRATEL (up 1.1%) and L&T (up 0.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,739 to 39,800, registering a gain of 4,061 points (up 10.6%).

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 4.6x.