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Mar 22, 2013, 04.18 PM IST | Source: Moneycontrol.com

Dish TV to increase pack prices, stock gains 3%

Direct to home (DTH) service provider Dish TV rallied nearly 3 percent on Friday after the company said it would increase pack prices by 10 percent. The price hike will be effective from April 4, 2013, the company said.

Ushang Sheth

Research Analyst, CNBC-TV18

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Direct to home (DTH) service provider Dish TV rallied nearly 3 percent on Friday after the company said it would increase pack prices by 10 percent. The price hike will be effective from April 4, 2013, the company said.

Dish TV provides service with basic pack price of Rs 155 per month in southern part of India. For rest of the country, the basic pack price is Rs 200 per month. "The price hike is a good opportunity post March 31 deadline," Dish TV added.

The I&B ministry set March 31 as the deadline to convert households across 38 cities, including Jaipur, Ahmedabad, Bangalore and Hyderabad, from analog to digital signals.

The stock was up 2.78 percent to Rs 62.75 on Bombay Stock Exchange at 12:19 hours IST.

Dish TV stock price

On October 31, 2014, Dish TV India closed at Rs 57.55, up Rs 1.70, or 3.04 percent. The 52-week high of the share was Rs 64.80 and the 52-week low was Rs 43.25.


The latest book value of the company is Rs -2.89 per share. At current value, the price-to-book value of the company was -19.91.

READ MORE ON  Dish TV, Direct to home
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