The stock opened at Rs 293.1 and touched an intraday high and low of Rs 305.55 and Rs 282.4, respectively, in the session so far. The stock of Indus Towers Ltd. quoted a 52-week high of Rs 332.6 and a 52-week low of Rs 184.2.
As per BSE, the total market cap of the Indus Towers Ltd. stood at Rs 76320.61 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 6969.2 crore for the quarter ended 30-Sep-2021, up 1.68 per cent from previous quarter’s Rs 6853.9 crore and up 289.65 per cent from the year-ago quarter’s Rs 1788.6 crore.
The net profit for latest quarter stood at Rs 1558.5 crore, up 112.74 per cent from the same quarter a year ago.
Shareholding pattern
As of 30-Sep-2021, DIIs held 0.34 per cent stake in the company, while foreign institutional investors held 26.83 per cent and the promoters 41.73 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 14.36 and a price-to-book ratio of 4.16. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Indus Towers Ltd. belongs to the Telecommunications – Allied Services industry.
