At CMP of Rs 36.6, the stock trades at 5.1x TTM EV/sales of Rs 987 crore.
We believe the industry is looking attractive mainly on back of digitalization
growth with HITS policy approved by cabinet. To capture the growth coming
Dish TV ahead we believe Dish TV is better placed than its peer group. We
recommend ‘BUY’ on the stock with a price target of Rs 50
representing upside potential of 36%.
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