DISH TV Plunges by 6%; BSE 500 Index Down 0.2%
August 2, 2019 09:20 AM

DISH TV share price has plunged 6% and is presently trading at Rs 27.

Meanwhile, the BSE 500 Index is at 14,120 (down 0.2%).

Among the top losers in the BSE 500 Index today are DISH TV (down 6.2%) and ZYDUS WELLNESS (down 7.0%).

TRENT LTD (up 6.0%) and AEGIS LOGISTICS (up 5.5%) are among the top gainers today.

Over the last one year, DISH TV has moved down from Rs 66 to Rs 27, registering a loss of Rs 38 (down 58.3%)..

The BSE 500 has moved down from 15,313 to 14,120, loss of 1,193 points (down 7.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were PROCTER & GAMBLE HEALTH (up 113.4%), ADANI POWER (up 89.4%) and VINATI ORGANICS (up 86.4%).

What About the Benchmark Indices?

The BSE Sensex is at 36,920 (down 0.3%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 0.9%), ITC (up 0.1%) and KOTAK MAHINDRA BANK (up 0.1%). The most traded stocks in the BSE Sensex are KOTAK MAHINDRA BANK and ITC.

In the meantime, NSE Nifty is at 10,930 (down 0.5%). BHARTI AIRTEL (up 2.5%) and IOC (up 0.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,522 to 36,920, registering a gain of -602 points (up -1.6%).

DISH TV Financial Update...

DISH TV net profit down at Rs 354 million for the quarter ended June 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 39.0% to Rs 9.3 billion during the period as against Rs 15.2 billion in April-June 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.