DISH TV Plunges by 10%; BSE 500 Index Down 1.4%
July 19, 2019 02:44 PM

DISH TV share price has plunged 10% and is presently trading at Rs 35.

Meanwhile, the BSE 500 Index is at 15,031 (down 1.4%).

Among the top losers in the BSE 500 Index today are DISH TV (down 10.1%) and RBL BANK LTD (down 13.1%).

HATSUN AGRO PROD. (up 5.8%) and TRIVENI TURBINE (up 5.2%) are among the top gainers today.

Over the last one year, DISH TV has moved down from Rs 68 to Rs 35, registering a loss of Rs 34 (down 49.5%)..

The BSE 500 has moved up from 14,706 to 15,031, registering a gain of 325 points (up 2.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 198.5%), VINATI ORGANICS (up 118.3%) and PROCTER & GAMBLE HEALTH (up 110.3%).

What About the Benchmark Indices?

The BSE Sensex is at 39,059 (down 1.3%). The top gainers among the BSE Sensex stocks today are NTPC (up 2.5%). The most traded stocks in the BSE Sensex are NTPC and ONGC.

In the meantime, NSE Nifty is at 11,640 (down 1.3%). NTPC (up 2.6%) and COAL INDIA (up 1.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,373 to 39,059, registering a gain of 2,686 points (up 5.6%).

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 4.9x.