Dish TV gains on UBS buy report

Dish TV gained more than one percent on Thursday after brokerage house UBS recommended a buy on the stock.

UBS has set a price target of Rs 100 for the stock.

"The recent move by DTH operators to increase the price of set top box and base packages indicate emergence of pricing power, which bodes well for Dish TV," UBS reasoned.

The stock was up 1.10 percent to Rs 69.20 on Bombay Stock Exchange at 10:31 hours IST.