Hits & misses: DEN Networks, Dish TV, Tata Steel

DEN Networks

Shares of cable network operator DEN Networks were locked at the 10% upper circuit of Rs 70.10 on news Reliance Strategic Investments, a subsidiary of Reliance Industries, has acquired 1.14% stake in it during the quarter ended December 2011.

Dish TV

Dish TV shares dropped 2.5% to Rs 61.15 after the company reported dismal results, with a net loss of Rs 43 crore for the quarter ended December 2011. This is the 19th straight quarter where the company has reported a net loss.

Tata Steel

Shares of Tata Steel gained 2.4% at Rs 435.20 after the company said it secured a multi-million pound order from Siemens Wind Power. Tata Steel will supply 25,000 tonnes of highquality profiled steel plate to Siemens Wind Power between April and September this year.