India's Dish TV posts biggest intraday loss in 3 months

Dish TV India

27/09/2022 07:20

** Shares of broadcast satellite service provider Dish TV
India  DSTV.NS  fall as much as 10% to 15.30 rupees, mark
sharpest intraday pct loss since June 20
    ** Stock touches lowest level since Sept. 19, on track for a
third consecutive session of losses
    ** Shareholders on Monday rejected audited statements for
the last two financial years, appointments of a new auditor, and
an independent director  urn:newsml:reuters.com:*:nL4N30Y12N
    ** Yes Bank, which holds about 25% stake in Dish TV, has
been pushing for a board reconstitution, citing corporate
governance issues 
    ** More than 61 mln shares change hands by 0605 GMT, 3.5x
30-day avg of 17.3 mln shares
    ** One analyst covering the stock has a "buy" rating; median
PT is 15 rupees - Refinitiv data
    ** Stock down 7.86% YTD up to last close
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))