He likes Dish TV from the DTH space as it has a subscriber base of Rs 2.6 million, which represents around 67% of the current DTH market share in India.
Dish TV has a presence in the DTH space. It is a Zee Group company and has a subscriber base of Rs 2.6 million, which represents around 67% of India's current DTH market share.
Though the company has yet to break even, it is expected to turn profitable only by FY10. It is seeing strong subscriber additions, which is growing at more than 25%. It is expected to grow at the same rate for the next five years. It is estimated to have 5.5 million subscribers by FY10.
The company is yet to make profits and is incurring losses right now. It is seeing huge subscriber additions which are growing at 25%. This would lead to around 5.5 million in 2010.
The company has recently made a preferential allotment of shares and warrants to Indivision Capital Partners, which is a private equity fund owned by Kishore Biyani. The shares were issued at Rs 100 and warrants at Rs 130 per share.
With the government�s initiatives in making DTH compulsory in major towns and cities in the country, I see tremendous scope for this company in the future. I would recommend it as a buy. I feel this stock could easily touch Rs 115 in about a year�s time.
Read : Moneycontrol India :: News :: Sethi Finmart bullish on Dish TV, JP Asso, Tata Chem :: Dish TV :: MARKET OUTLOOK :: Dish TV,JP Associates ,Vikas Sethi,Sethi Finmart
Dish TV has a presence in the DTH space. It is a Zee Group company and has a subscriber base of Rs 2.6 million, which represents around 67% of India's current DTH market share.
Though the company has yet to break even, it is expected to turn profitable only by FY10. It is seeing strong subscriber additions, which is growing at more than 25%. It is expected to grow at the same rate for the next five years. It is estimated to have 5.5 million subscribers by FY10.
The company is yet to make profits and is incurring losses right now. It is seeing huge subscriber additions which are growing at 25%. This would lead to around 5.5 million in 2010.
The company has recently made a preferential allotment of shares and warrants to Indivision Capital Partners, which is a private equity fund owned by Kishore Biyani. The shares were issued at Rs 100 and warrants at Rs 130 per share.
With the government�s initiatives in making DTH compulsory in major towns and cities in the country, I see tremendous scope for this company in the future. I would recommend it as a buy. I feel this stock could easily touch Rs 115 in about a year�s time.
Read : Moneycontrol India :: News :: Sethi Finmart bullish on Dish TV, JP Asso, Tata Chem :: Dish TV :: MARKET OUTLOOK :: Dish TV,JP Associates ,Vikas Sethi,Sethi Finmart