Dish TV a top pick: Manoj Singla

Dish TV is a top pick, says Manoj Singla, MD & Co- Head Product, Religare Capital Markets.

Singla told CNBC-TV18, "On the digitization side I think we at least believe that’s one of the few themes that will probably play out irrespective of how the global economy shapes up or how the Indian economy shapes up. While there are obviously some concerns that the mandatory digitization in the four metros in June might get pushed back by a quarter or so, but I think if one takes a 9 to 12 months view, our view is a lot of the things will happen and this will obviously benefit the whole supply chain. So starting from the broadcasters to the MSOs to the DTH players I think all of these will benefit."
He further added, "Our conference basically has around eight companies. We have over 100 meetings over the day where basically we have a couple of LCOs, we have a couple of MSOs, we have a couple of broadcasters so that people can meet the whole value chain and discuss. I think in terms of the listed plays the top pick in this space continues to be Dish TV. We think that, that will benefit significantly as digitization comes in because a lot of the MSOs do not have the required number of set top boxes. So I think a lot of the incremental growth will be captured by the DTH players and the Dish is the only large listed player in that sector. So Dish is our top pick in that space and I think this is one of the themes that investors could play even if the market remains weak."