Dish TV shares hit the 20% upper circuit a week after lenders sell over 5 crore shares in the open market

• Dish TV’s share price is currently locked at the 20% upper circuit.
• Shares of the direct-to-home (DTH) service provider have gained over 66% in May alone.
• Earlier last week, lenders of Dish TV invoked their pledge and sold over 5 crore shares in the open market.

Dish TV share price has hit the 20% upper circuit today, resulting in a price freeze for today. This comes after the lenders of the broadcast satellite service provider sold over 5 crore shares in the open market last week.

A month ago, former chairman of Zee Entertainment Enterprises Subhash Chandra revealed that he doesn’t own any stake in the direct-to-home (DTH) company. Apart from this, he also stated that he doesn’t have any management control of the company.


Since the end of April, Dish TV’s shares have surged by over 66%, adding over ₹940 crore to investor wealth.

But that’s not all – over the last one year, investors of Dish TV have seen their wealth increase from a little over ₹652 crore to ₹2,366 crore now.

Since the Dish TV stock is locked at an upper circuit now, the price cannot go up any further today. However, sellers who want to book profits can still do so by selling at a slightly lower price.

Dish TV not the only stock to hit the 20% upper circuit today

Despite some volatility in the market and today’s gains being wiped out in the last two hours of trading, there are other stocks that have done well.

Barbeque Nation, for instance, hit the 20% upper circuit before sellers came in at lower prices to book profits.

Other shares locked at the 20% upper circuit include Hindustan Media, Coffee Day Enterprises, Shemaroo Entertainment, Schneider Electric Infrastructure, and Raj Television.

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