Time period given by analyst is Intra Day when Indus Towers Ltd. price can reach defined target.
Indus Towers Ltd., incorporated in the year 2006, is a Large Cap company (having a market cap of Rs 79298.52 Crore) operating in Telecommunications sector.
Indus Towers Ltd. key Products/Revenue Segments include Income from Infrastructure Activity for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 6969.20 Crore, up 1.68 % from last quarter Total Income of Rs 6853.90 Crore and up 289.65 % from last year same quarter Total Income of Rs 1788.60 Crore. Company reported net profit after tax of Rs 1558.50 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from a falling channel resistance line suggesting bullishness building up in the stock. Further, RSI indicator has also turned higher from the 50-level confirming strength in the stock
Promoter/FII Holdings
Promoters held 69.85 per cent stake in the company as of 30-Sep-2021, while FIIs owned 29.1 per cent, DIIs 0.35 per cent.
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