Goldman ups Dish TV stock to 'buy'
We estimate Dish to turn net profit positive in (Q3) FY12 and (free cash flow) positive in (Q1) FY13. In addition, faster-than-expected migration from analog to digital platform and better-than-expected market share of DTH/Dish could lead to upside risk to our estimates, said Goldman Sachs.
It also believes consensus has not yet discounted the turnaround in earnings due to mandatory digitisation and improving margins.
At 9:39 a.m., Dish TV stock was trading at 77.2 rupees, up 1.5 percent.
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