Buy Dish TV With Target Of Rs 48

Dish TVStock market analyst Amrut Deshmuk of Way2Wealth has maintained 'buy' rating on Dish TV India Ltd stock with targets of Rs 60 and 70.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 48.

The stock of the company, on August 18, closed at Rs 50.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 52 and a low of Rs 32.95 on BSE.

Current EPS is -2.40.

Dish TV has made announcement about the launching of region- and language-specific packages for south.

The company is poised to append around 2.5 million subscribers in the existing year (2010) inching in the direction of an installed base of 10 million.

Mr. Salil Kapoor, COO of Dish TV said that these packages are directed at supplying to the range in the southern market, with each state constituting a range of patterns.

"Christened Tango Tamil, Magical Malayalam, Terrific Telugu and Ultimate Urdu, each of these packages caters to specific requirements of local population starting with a monthly subscription of Rs 125," Mr. Kapoor said.