Indus Towers Share Price: Indus Towers shares up 1.9% as Nifty gains

Shares of Indus Towers Ltd. rose 1.9 per cent to Rs 284.35 in Friday’s trade. It hit an intraday high of Rs 286.5 and low of Rs 278.25, respectively, during the day.

The stock quoted a 52-week high price of Rs 288.3 and low of Rs 161.3.

As of 10:10AM (IST), the counter saw total traded volume of 88,623 shares with a traded value of Rs 2.51 crore, according to NSE.

The stock had closed at Rs 279.05 in the previous session.

The scrip has advanced 28.23 per cent in the past one month till date, while the benchmark BSE Sensex has gained 8.47 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 17.0 while price-to-book ratio stood at 4.16. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Telecommunications – Allied Services industry.

Promoter/FII Holding
Promoters held 41.73 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership in the firm stood at 26.76 per cent and 0.49 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 6853.9 crore for the quarter ended 30-Jun-2021, up 4.34 per cent from the previous quarter’s Rs 6569.1 crore and up 314.91 per cent from the year-ago quarter’s Rs 1651.9 crore. Its net profit for the latest quarter stood at Rs 1415.3 crore, up 101.15 per cent from the same quarter a year ago.

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