CLSA Research is bullish on Dish TV and has recommended buy rating on the stock in its December 08, 2007 report. "By adding 126k new subscribers, Dish TV has increased its monthly subscriber addition rate to 100K+ in 3Q from 60K in 1Q; and now appears well on course to have total 3.0 million subscribers by Mar 08. Meanwhile Tata Sky has added 1.2m+ subscribers in the past year. With launch of DTH from Reliance and Bharti still 3-6 months away, Dish TV has a chance to consolidate its base. To fund its fast growing operations, Dish TV has done an equity placement of Rs 2.5 billion at Rs100-130 per share. We value DISH TV at Rs 120, based on discounted cash-flow. Maintain BUY, "according to CLSA research report.
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Source: Moneycontrol.com
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