Citi has however cut target of the stock to Rs 90 from Rs 100 and is of the view that though current EBITDA is far worse than its peers, it expects better trends in FY19.
Sandip Das
@Im_Sandip1
Shares of Dish TV jumped 2.3 percent intraday on Thursday as research firm Citi maintained a buy on the stock. However, the house has cut target of the stock to Rs 90 from Rs 100. The firm is of the view that though current EBITDA is far worse than its peers, it expects better trends in FY19.
"The combined entity listing of Dish TV Videocon d2h should happen in March which will be key to stock performance," it said. The stock is attractively priced post the underperformance and could see decent returns with the merger, it added.
At 14:00 hrs Dish TV India was quoting at Rs 74.70, up Rs 2.05, or 2.82 percent. It has touched an intraday high of Rs 74.70 and an intraday low of Rs 72.15.
