The return on equity (ROE) for the stock stood at 23.8 per cent. Traded volume on the counter stood at 12:40PM shares and turnover at Rs 0.92 crore around that time. The stock of Indus Towers Ltd. quoted a 52-week high price of Rs 282.0 and 52-week low prices of Rs 161.3, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.34.
Promotor/FII Holding
Promoters held 41.73 per cent stake in the company as of 31-Mar-2021, while FIIs held 27.08 per cent and domestic institutional investors had 0.25 per cent.
Key Financials
The company reported consolidated sales of Rs 6569.1 crore for the quarter ended 31-Mar-2021, up 58.61 per cent from previous quarter’s Rs 4141.6 crore and up 281.77 per cent from the year-ago quarter’s Rs 1720.7 crore. Net profit after tax for the latest quarter stood at Rs 1363.7 crore, up 109.96 per cent from the same quarter a year ago.
Technicals
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 topof 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.
