Further Upside For Dish TV India Limited (NSE:DISHTV) Shares Could Introduce Price Risks After 30% Bounce
Those holding Dish TV India Limited (NSE:DISHTV) shares would be relieved that the share price has rebounded 30% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 59% share price drop in the last twelve months.
In spite of the firm bounce in price, Dish TV India may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.7x, since almost half of all companies in the Media industry in India have P/S ratios greater than 1.7x and even P/S higher than 4x are not unusual. However, the P/S might be low for a reason…
