Exit WWIL, buy Dish TV: Devang Mehta

Devang Mehta, Anand Rathi Financial Services is of the view that exit WWIL and enter to Dish TV.

Mehta told CNBC-TV18, “Media Broadcaster industry has been in news for some time. Infact because of the digitization news that was going on and the order yesterday released by the Information and Broadcasting Ministry stating that the digitization in the metros could complete by October 31st. So the deadline has been extended which was earlier June 30th. So probably a little bit of sentimental impact will be seen in these stocks. But I think it’s a win-win situation for all of them, the companies, the customers, companies like WWIL, companies like Hathway Cable, all these companies tend to benefit. But our top pick in this would be Dish TV." He further added, "We would strongly prefer Dish TV as a very strong play, highest subscribers for Dish TV in the March 31st results that we have seen. Also by 2014 the company will be having a great amount of expansion. On the valuation front also the company has started already making good operating profits. I’ll suggest him to exit WWIL and probably enter Dish TV which is fundamentally very sound and we do have a price target of around Rs 80 for Dish TV.