DISH TV Plunges by 5%; BSE 500 Index Down 0.6%

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DISH TV share price has plunged 5% and is presently trading at Rs 40.

Meanwhile, the BSE 500 Index is at 15,571 (down 0.6%).

Among the top losers in the BSE 500 Index today are DISH TV (down 5.3%) and PRESTIGE ESTATES (down 5.5%).

SPICEJET (up 5.9%) and IPCA LABS (up 3.5%) are among the top gainers today.

Over the last one year, DISH TV has moved down from Rs 80 to Rs 40, registering a loss of Rs 40 (down 49.8%)..

The BSE 500 has moved up from 14,751 to 15,571, registering a gain of 820 points (up 5.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 105.6%), BALRAMPUR CHINI (up 93.9%) and VINATI ORGANICS (up 87.9%).

What About the Benchmark Indices?

The BSE Sensex is at 39,487 (down 0.3%). The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 1.8%). The most traded stocks in the BSE Sensex are WIPRO and TATA MOTORS.

In the meantime, NSE Nifty is at 11,856 (down 0.3%). RELIANCE IND. (up 2.3%) and TATA MOTORS (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,305 to 39,487, registering a gain of 5,182 points (up 14.2%).

DISH TV Financial Update…

DISH TV net profit declined 4365.1% YoY to Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 36 million a year ago. Net Sales rose 104.8% to Rs 15.2 billion during the period as against Rs 7.4 billion in October-December 2017.

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 22.2x. p >

This article (DISH TV Plunges by 5%; BSE 500 Index Down 0.6%) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Source: equitymaster.com

Post Author: kwiknewz

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