Dish TV may slip to Rs 52- 54, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "Dish TV, tone of the management is looking to be quiet dull. The admission of the revision in the addition targets and if you see the flat performance of Q3 partly contributed by the currency losses, but major losses have come because of the revenue fall. I don't think that the things are going to remain positive on the stock. Stock may correct to about Rs 52-54 where the renewed buying interest may come in."
He further added, " Reliance Industries , all eyes will be on the refining segment. I don't think there is going to be the real problem on petchem and upstream because petchem will be flat and upstream will be marginally better so one has to look at the refining segment what kind of GRM is posted by them. Second focus will all be on the broad contours of the share buyback, on what allocations will be made by the company and how much amount they get apportioned. Third would be whether the PAT comes above Rs 5000 crore or below that."
