The Hindu Business Line : Institutional buying lifts Dish TV

The Re 1-face valued Dish TV stock on Wednesday surged ahead to its 52-week high of Rs 142.80 on the BSE, following growing institutional investor interest. The stock, which finally settled considerably lower at Rs 133.65, recorded strong volumes. On the NSE, over 67 lakh shares made up the trading quantity. The media sector, which has only lately seen a marked increase in the number of listed entities, has started witnessing substantial buying across the market-cap range, a trend that has found reflection in enhanced valuations. With large/mid-cap stocks in media sector ruling at higher levels, institutions turned their attention to small-cap stocks such as Dish TV, say marketmen. The Dish TV stock has in recent times touched a low of Rs 96.50 on the NSE. Incidentally, T Rowe Price Associates has recently taken a call on it.

Nilanjan Dey

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