Buy Dish TV With Stop Loss Of Rs 69

Buy Dish TV With Stop Loss Of Rs 69Technical analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Dish TV India Limited stock with a target of Rs 75.

According to analyst, the investors can purchase the stock with a stop loss of Rs 69.

Mr. Zaveri said that the stock can attain the target within 1-2 trading sessions.

The stock of the company, on December 30, closed at Rs 71.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 77.35 and a low of Rs 35.75 on BSE.

Current EPS is -2.30.

Dish TV announced that it had entered into a contract for added transponders to permit it to raise its overall transmission capacitance and swell the total number of channels offered.

The company said, "The increased transponder capacity will enable Dish TV to increase its standard definition (SD) channel capacity to over 320 and high definition (HD) capacity to over 30 which will be substantially higher that any competing DTH operator in both HD and SD transmission."

Direct-to-home (DTH) service supplier will heighten its overall transmission bandwidth capability to 648 MHz as compared to the existing 432 MHz.

The company added that the considerable augmentation in capacity over rivalry is projected to be a game changer in the country's direct-to-home market.

Mr. Jawahar Goel, managing director of Dish TV India, stated, "The addition of significant channel capacity in both HD and SD is expected to considerably enhance our offering to subscribers. We will be able to offer region specific content, enhanced value-added services, as well as substantially enhanced HD bouquet, driving growth of HD services."