Switching from Dish TV to Siti Cable
Tater told CNBC-TV18, “I would recommend investor to switch from Dish TV to Siti Cable Network. Currently Siti Cable price is around Rs 22 where we have a target of Rs 30 over next six-eight months. Now taking a fundamental call on Dish TV at a revenue of around Rs 2000 crore with Rs 8000 crore of market cap, it is better to take a slightly higher risk and switch to something like Siti Cable at current levels. We have been maintaining negative view on Dish TV around Rs 85-90 mark and if you take a technical snapshot the stock is actually range bound between Rs 60 to Rs 90. Every year the stock tanks to Rs 60 and then goes back to Rs 85 zone. Thus from that angle we feel at current levels from market cap to sales perspective from the same parent group one should switch for next three-four months to Siti Cable where one will be able to make at least 20 percent from current levels.
Tater told CNBC-TV18, “I would recommend investor to switch from Dish TV to Siti Cable Network. Currently Siti Cable price is around Rs 22 where we have a target of Rs 30 over next six-eight months. Now taking a fundamental call on Dish TV at a revenue of around Rs 2000 crore with Rs 8000 crore of market cap, it is better to take a slightly higher risk and switch to something like Siti Cable at current levels. We have been maintaining negative view on Dish TV around Rs 85-90 mark and if you take a technical snapshot the stock is actually range bound between Rs 60 to Rs 90. Every year the stock tanks to Rs 60 and then goes back to Rs 85 zone. Thus from that angle we feel at current levels from market cap to sales perspective from the same parent group one should switch for next three-four months to Siti Cable where one will be able to make at least 20 percent from current levels.