Indus Towers share price: Indus Towers stock price up 1.09 per cent as Sensex slides

Shares of Indus Towers Ltd. rose 1.09 per cent to Rs 237.05 at 10:31AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 127,589 shares with a turnover of Rs 3.02 crore till 10:31AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 16.84, while the price-to-book value ratio stood at 2.19.

Return on equity (ROE) was at 23.8 per cent, according to exchange data. The stock hit an intraday high of Rs 240.0 and a low of Rs 233.7 during the session and quoted a 52-week high price of Rs 282.0 and a 52-week low of Rs 161.3.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.34.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 235.22 on July 16, while the 50-DMA was at Rs 244.63. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 43.12. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2021, promoters held 69.85 per cent stake in the company, while FIIs held 27.21 per cent and domestic institutional investors had 2.3 per cent.

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