Hits & Misses: Dish TV, Realty Stocks, Development Credit Bank
Shares of Dish TV, a direct-to-home satellite broadcast operator rose 6% to Rs 61.05 on Wednesday after Citigroup recommended a buy on the stock and a target price of Rs 83.
By ET Bureau | Updated:
Dish TV
Shares of Dish TV, a direct-to-home ( DTH) satellite broadcast operator rose 6% to Rs 61.05 on Wednesday after Citigroup recommended a buy on the stock and a target price of Rs 83. Citigroup forecast a compounded 24% revenue growth over FY11-14. Total traded volumes was 42.13 lakh shares, a jump of 1552% over the two-week average.
Realty Stocks
Realty stocks rallied on Wednesday on shortcovering even as hopes of RBI announcing a softer rate regime in its monetary policy meeting later this month petered out. Lok Housing & Ansal Properties gained 20% and 17%, respectively, while HDIL gained 13.19%. Other real estate stocks such as Indiabulls Real Estate, Sobha Developers and Unitech rose 5-7%.
Development Credit Bank
DCB shares rose 3.4% to Rs 39.60 ahead of its third quarter earnings on Thursday. The private bank will speak to analysts and investors about its third quarter performance.
Shares of Dish TV, a direct-to-home ( DTH) satellite broadcast operator rose 6% to Rs 61.05 on Wednesday after Citigroup recommended a buy on the stock and a target price of Rs 83. Citigroup forecast a compounded 24% revenue growth over FY11-14. Total traded volumes was 42.13 lakh shares, a jump of 1552% over the two-week average.
Realty Stocks
Realty stocks rallied on Wednesday on shortcovering even as hopes of RBI announcing a softer rate regime in its monetary policy meeting later this month petered out. Lok Housing & Ansal Properties gained 20% and 17%, respectively, while HDIL gained 13.19%. Other real estate stocks such as Indiabulls Real Estate, Sobha Developers and Unitech rose 5-7%.
Development Credit Bank
DCB shares rose 3.4% to Rs 39.60 ahead of its third quarter earnings on Thursday. The private bank will speak to analysts and investors about its third quarter performance.
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