Indus Towers share price: Indus Towers stock price down 0.05 per cent as Sensex slides

Shares of Indus Towers Ltd. fell 0.05 per cent to Rs 210.95 at 10:15AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 48,003 shares with a turnover of Rs 1.01 crore till 10:15AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 12.68, while the price-to-book value ratio stood at 4.16.

Return on equity (ROE) was at 23.8 per cent, according to exchange data. The stock hit an intraday high of Rs 213.4 and a low of Rs 210.3 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 238.32 on August 11, while the 50-DMA was at Rs 236.02. 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 36.71. 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 30-Jun-2021, promoters held 69.85 per cent stake in the company, while foreign institutional investors held 26.87 per cent and domestic institutional investors had 2.53 per cent.

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