Rajesh Agarwal of Eastern Financiers told CNBC-TV18, "Fundamentally Dish TV is in a bad shape. It has been reporting losses every quarter. Last quarter the loss was around Rs 30 crore although the losses are coming down but still the company is in loss. Higher content cost, higher depreciation are taking a toll on the stock.”
“Going forward also for the next 4-5 quarters atleast we think this is going to continue and not to forget the kind of debt this company is carrying. It was Rs 1000 crore odd in March 2013 and that is again going to put pressure on the margins although the management has shown their confidence that they are going to reduce debt but it will take some time and till such time I don’t think the stock is going anywhere from these levels,” he added.
“It is better to sell and switch to some other sector may be a PSU banking space which is trading at a very low valuations or a midcap pharma.”
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
