Buy Dish TV around Rs 74-75: Kulkarni

Buy Dish TV around Rs 74-75, says Shardul Kulkarni of Angel Broking.

Kulkarni told CNBC-TV18, "In case of Dish TV you are seeing a strong higher top-higher bottom but the time to buy is little lower probably at the levels of around Rs 74-75 wherein you will get favourable risk reward ratio.”

He further added, “The stock has gone up in a strong manner from Rs 58-59 levels right up to Rs 95-96 so almost a double which you have seen in the last few quarters but you should wait out for this particular counter. Incidentally you just mentioned that there is a downgrade for this particular counter and it will have its effects and I would expect the stock to probably move to around Rs 74-75 where one can take a re-look at the counter.”