Dish TV shares fall, seen posting Oct-Dec net loss

Jan 23 2014, 18:20 IST
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Dish TV is seen posting a 129 million rupees net loss for the October-December period. Dish TV is seen posting a 129 million rupees net loss for the October-December period.
SummaryShares of Dish TV India Ltd fall 2.1 percent as traders accumulate short positions

Shares of Dish TV India Ltd fall 2.1 percent as traders accumulate short positions in January; on expectations of a bigger-than-expected loss when the company reports results for the October-December quarter later in the day.

About 0.7 million shares in outstanding open positions had been added to January futures contract by 0518 GMT, compared with the 5-day average change of 0.22 million shares, as per Thomson Reuters and NSE data.

Dish TV is seen posting a 129 million rupees ($2.09 million) net loss for the October-December period, according to Thomson Reuters StarMine estimates.

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