InvestorQ : Why did the Dish TV stock fall after the results announcement for March quarter?
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Why did the Dish TV stock fall after the results announcement for March quarter?

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4 months ago
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Dish TV fell sharply after the company reported a net loss of Rs.1,415 crore in the Mar-21 quarter. This loss was almost at the same level as in Mar-20 quarter. Revenues were lower by 15% at Rs.752 crore in the quarter and EBITDA was lower by 15% on a sequential basis. In FY21 Dish TV repaid loans of Rs.1,000 crore, reducing its debt by 70%. CLSA continues to be bullish on the stock and it has pegged an indicative valuation based price of Rs.17 per share.

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