Indus Towers Share Price: Indus Towers rises 10.82% as Sensex climbs

Shares of Indus Towers Ltd. traded at Rs 270.35 on BSE at 10:00AM (IST) on Thursday, up 10.82 per cent from previous close.

The scrip quoted a 52-week low price of Rs 161.3 and a high of Rs 282.0.

Earlier, the stock saw a gap up opening in the morning.

A total of 469,031 lakh shares changed hands on the counter till 10:00AM (IST).

The stock of Indus Towers Ltd. commanded a market value of Rs 70418.7 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 15.68, 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.

In the BSE500 pack, 321 stocks traded in the green, while 179 stocks were in the red.

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

Promotor/FII Holding

Promoters held 41.73 per cent in Indus Towers Ltd. as of 30-Jun-2021 while foreign portfolio investors and domestic institutional investors owned 26.76 per cent and 0.49 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 242.89 on September 16, while the 50-DMA was at 226.16. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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