Dish TV shares fall, seen posting Oct-Dec net loss

Written by Reuters | Updated: Jan 23 2014, 23:50pm hrs
Dish TVDish TV is seen posting a 129 million rupees net loss for the October-December period.
Shares of Dish TV India Ltd fall 2.1 percent as traders accumulate short positions in January; on expectations of a bigger-than-expected loss when the company reports results for the October-December quarter later in the day.

About 0.7 million shares in outstanding open positions had been added to January futures contract by 0518 GMT, compared with the 5-day average change of 0.22 million shares, as per Thomson Reuters and NSE data.

Dish TV is seen posting a 129 million rupees ($2.09 million) net loss for the October-December period, according to Thomson Reuters StarMine estimates.