Why is Dish TV India falling/rising?
As of 15-Jul, Dish TV India Ltd's stock price is at 6.03, up 3.25% recently, but the company faces significant long-term financial challenges, including a negative book value and poor debt servicing ability. Despite short-term gains, the lack of confidence from domestic mutual funds and a substantial decline over the past year raise concerns about the stock's sustainability.
As of 15-Jul, Dish TV India Ltd's stock price is currently at 6.03, reflecting an increase of 0.19 or 3.25%. The stock has shown a positive trend recently, gaining 5.6% over the last two days and outperforming its sector by 2.66%. In the past week, the stock has risen by 7.49%, while over the past month, it has increased by 16.18%. However, despite these short-term gains, the company has a negative book value and has reported negative results for the last seven consecutive quarters, which raises concerns about its long-term fundamental strength. The company's ability to service its debt is weak, as indicated by a poor EBIT to Interest ratio, and it has underperformed significantly over the past year, generating a return of -60.33%.In the broader market context, while Dish TV India has performed well in the short term compared to its recent benchmarks, the Sensex has declined by 1.36% over the past week and increased by 1.79% over the past month. This indicates that while the stock is experiencing a rise, it is doing so against a backdrop of broader market challenges. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its long-term prospects, further complicating its position in the market. Overall, while the stock is currently rising, the underlying financial issues and poor long-term performance may limit its sustainability.
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