Indus Towers share price: Indus Towers share price down 2.34 per cent

Shares of Indus Towers Ltd. traded 2.34 per cent up at Rs 245.8 at around 01:50PM (IST) on Friday. The stock had closed at Rs 251.7 in the previous session. Equity benchmark Sensex traded 9.79 points lower at 48681.01 around the same time.

The scrip has climbed 25.24 per cent in the last one year till date, while the 30-share index has gained 44.37 per cent during the same period.

The stock’s 52-week high price stood at Rs 282.0 and the 52-week low price at Rs 161.3.

Trading volume on the counter stood at 95,720 shares, while it quoted a price-to-earnings ratio of 17.49, an EPS value of 14.02 and a price-to-book value of 2.19. In the Nifty50 pack, 15 stocks traded in the green, while 35 stocks were in the red.

Promoter/FII Holding
Promoters held 69.85 per cent stake in the company as of 31-Mar-2021, while overseas investor and mutual funds’ ownership stood at 27.21 per cent and 0.25 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 6569.1 crore, up 58.61 per cent from the previous quarter’s Rs 4141.6 crore and up 281.77 per cent from the year-ago quarter’s Rs 1720.7 crore. The company reported net profit of Rs 1363.7 crore for the latest quarter.

Technical Indicators

The MACD signalled a bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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