Exclusive: Block deals push Dish TV price to one-month high
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06-12-2013, 02:29 PM
Post: #1
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Block deals push Dish TV price to one-month high
MUMBAI: Dish TV India has seen a spurt in volume led by a flurry of block deals that have taken place on the domestic bourses. As a result of heightened trading activity, Dish TV’s share price surged to one-month high of Rs. 61.95 a share on the BSE before ending today’s session.
Of late, the counter witnessed sizeable increase in volumes as a spate of block deals kept investors interested. Meanwhile, on 4 December, Dish TV’s share price surged 3.97 per cent to Rs. 60.20 after a block deal. The block deal involved 1.27 million shares, or 0.11 per cent of Dish TV’s equity capital, at Rs. 60 per share on BSE. This translates into an amount of Rs. 7.6 crore (Rs 76 million). The counter concluded the day 4.3 per cent higher at Rs. 60.40 and witnessed trading of 2.50 million shares. Trading volume on that day was almost 3.7 times higher than the average daily volume. Similarly, trading interest was witnessed on the NSE. Following several bouts of block deals, Dish TV’s share price gained 4.5 per cent to close at Rs. 60.45. Volatility on the stock has increased in the past six trading sessions and particularly on the day when the counter recorded block deals. On Wednesday, the counter witnessed a volatility of 8.5 per cent as against the previous day’s 5.6 per cent. Read more at: http://www.televisionpost.com/dth/block-...onth-high/ | TelevisionPost.com |
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06-12-2013, 03:36 PM
Post: #2
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RE: Block deals push Dish TV price to one-month high
NICE SHARE
HARD WORK NEVER FAIL |
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