Indus Towers Share Price: Share price of Indus Towers falls as Nifty weakens

Shares of Indus Towers Ltd. slipped 0.9 per cent to Rs 293.0 in Friday’s trade as of 12:15PM (IST).

The stock hit a high price of Rs 302.0 and low of Rs 290.95 during the session.

The return on equity (ROE) for the stock stood at 23.8 per cent. Traded volume on the counter stood at 12:15PM shares and turnover at Rs 4.19 crore around that time.

The stock of Indus Towers Ltd. quoted a 52-week high and 52-week low prices of Rs 332.6 and Rs 175.3, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.34.

Promotor/FII Holding

Promoters held 69.85 per cent stake in the company as of 30-Sep-2021, while FIIs held 29.1 per cent and domestic institutional investors had 0.35 per cent.

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 previous quarter’s Rs 6569.1 crore and up 314.91 per cent from the year-ago quarter’s Rs 1651.9 crore.

Net profit after tax 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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