Buy Dish TV India, target Rs 115 : Axis Capital

The brokerage said that subscriber addition remains healthy, the incremental market share is stable at 23-24% and ARPU to grow at 3-4% YoY on benefits of price hike and better subscriber mix.

By ETMarkets.com | Updated: Oct 06, 2016, 02.14 PM IST

Axis Capital has a buy call on Dish TV India Ltd. with a target price of Rs 115 .The current market price of Dish TV India Ltd. is Rs 96.65 The brokerage gave 1-3 days for Dish TV India Ltd. price to reach the defined target. The brokerage said that subscriber addition re mains healthy, the incremen tal market share is stable at 23-24% and ARPU to grow at 3-4% YoY on benefits of price hike and better subscriber mix. It expects 2% ARPU CAGR over FY17 and FY18.

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