Dish TV gets 'Midas Touch'

Dish TV opened stronger at Rs.75 from yesterday’s close of Rs.73.40, and went up to Rs.76.05. Its 52-week high is at Rs.87.

The stock has zoomed up today as the man with the Midas Touch – Mr.Rakesh Jhunjhunwala bought 1.3 crore shares or 0.7% in this Direct-To-Home service provider.

Jhunjhunwala’s purchase was as usual, from his investing company, Rare Enterprises. This was done at a price of Rs.71.30/share, bought through a bulk deal on the NSE.

The total value of the block deal was at Rs.93 crore.