The counter had a total traded volume of 10:59AM shares so far with a turnover of Rs 4.33 crore on BSE. The stock traded at a price-to-earnings multiple of 22.53 and a price-to-book ratio of 2.19.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Indus Towers Ltd. belongs to the Telecommunications – Allied Services industry.
Promotor/FII Holding
Promoters held 69.85 per cent stake in the company as of 31-Mar-2021, while FIIs and domestic institutional investors ownership stood at 27.21 per cent and 2.3 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 4141.6 crore for the quarter ended 31-Dec-2020, up 131.56 per cent from the previous quarter’s Rs 1788.6 crore and up 145.87 per cent from the year-ago quarter’s Rs 1684.5 crore.
Its profit for the latest quarter stood at Rs 979.1 crore, up 22.59 per cent from the same quarter a year ago.
