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Dish TV gains on foraying into online Video on Demand segment

Dish TV India is currently trading at Rs. 36.40, up by 0.20 points or 0.55% from its previous closing of Rs. 36.20 on the BSE.

The scrip opened at Rs. 36.20 and has touched a high and low of Rs. 36.70 and Rs. 36.00 respectively. So far 192771 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 76.75 on 26-Apr-2018 and a 52 week low of Rs. 19.25 on 28-Jan-2019.

Last one week high and low of the scrip stood at Rs. 38.55 and Rs. 35.60 respectively. The current market cap of the company is Rs. 6665.46 crore.

The promoters holding in the company stood at 57.99%, while Institutions and Non-Institutions held 15.85% and 26.16% respectively.

Dish TV India has forayed into online Video on Demand segment by launching OTT (over-the-top) platform ‘Watcho’, and expects to have 10 million user-base within a year. Besides, the company has also plans to add contents on its platform in other regional languages, including Bhojpuri and Gujarati, to expand in the OTT market.

Dish TV is India’s largest Direct to Home television operator using MPEG 4 DVB S2 and MPEG 2 digital compression technology.

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