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IIFL recommends 'Buy' on Dish TV

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Bapun Raz

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The report stated that we forecast the DTH subscriber base in India will quadruple to 120m by FY20, and do not rule out a positive surprise on this front.




IIFL Institutional Equities, a part of the IIFL Group, one of the leading players in the Indian financial services space, in its report Unplugged Upside recommends 'Buy' on Dish TV.

"Asia’s largest DTH company, Dish TV, is well-poised to lead growth in the Indian DTH industry, which we believe is set to surpass consensus estimates by far, like the telecom sector did during its hyper-growth years," IIFL says.

The report stated that we forecast the DTH subscriber base in India will quadruple to 120m by FY20, and do not rule out a positive surprise on this front. This will be driven by rising TV penetration in India, and DTH overtaking cable as the preferred platform.

"Confluence of three factors, price hikes, migration of subscribers to higher-end packages and adoption of HD service, could lead to a significant positive surprise to ARPUs. A fast-growing subscriber base will unlock operating levers to drive a 6x increase in Dish TV’s EBITDA over FY11-15," IIFL says


http://www.indiainfoline.com/Markets/News/IIFL-recommends-Buy-on-Dish-TV/5183774904
 
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