DISH TV Plunges by 6%; BSE 500 Index Down 0.3%
June 28, 2019 02:46 PM

DISH TV share price has plunged 6% and is presently trading at Rs 29.

Meanwhile, the BSE 500 Index is at 15,379 (down 0.3%).

Among the top losers in the BSE 500 Index today are DISH TV (down 5.8%) and DEEPAK FERTILISERS (down 9.2%).

E.I.D. PARRY (up 7.5%) and GIC OF INDIA (up 6.9%) are among the top gainers today.

Over the last one year, DISH TV has moved down from Rs 72 to Rs 29, registering a loss of Rs 43 (down 60.0%)..

The BSE 500 has moved up from 14,479 to 15,379, registering a gain of 900 points (up 6.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 215.1%), VINATI ORGANICS (up 120.5%) and DCM SHRIRAM (up 100.0%).

What About the Benchmark Indices?

The BSE Sensex is at 39,675 (down 0.4%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 0.9%). The most traded stocks in the BSE Sensex are AXIS BANK and NTPC.

In the meantime, NSE Nifty is at 11,872 (down 0.4%). GAIL (up 1.5%) and TECH MAHINDRA (up 1.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,217 to 39,675, registering a gain of 4,458 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 4.2x.