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Dish TV India Ltd (DSTV.BO)
Research Tactical Idea
We believe the share price will fall relative to the country index over the next 60 days.
This is because the stock has traded up recently, making short term valuation much less compelling. Additionally, 1QF12
results that were announced yesterday caused some disappointment on the Street regarding the content costs and their
likely trend from here. We expect some earnings downgrades in the next two months, more so if ARPU, which remained
flat sequentially, does not show signs of some uptick in the next 2-3 months.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Equal-weight
Industry View: Attractive
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dish TV India Ltd (DSTV.BO)
Research Tactical Idea
We believe the share price will fall relative to the country index over the next 60 days.
This is because the stock has traded up recently, making short term valuation much less compelling. Additionally, 1QF12
results that were announced yesterday caused some disappointment on the Street regarding the content costs and their
likely trend from here. We expect some earnings downgrades in the next two months, more so if ARPU, which remained
flat sequentially, does not show signs of some uptick in the next 2-3 months.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Equal-weight
Industry View: Attractive
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