Share price of Indus Towers falls as Sensex drops 140.62 points

The share price of Indus Towers Ltd. dropped 0.69 per cent to Rs 201.5 at 12:58PM (IST) in Tuesday’s trade. The stock has hit a high of Rs 206.2 and low of Rs 200.85 so far during the session. The stock had closed at Rs 202.9 in the previous session.

The counter has had a total traded volume of 80031 shares so far with a value of Rs 1.62 crore on the NSE. It traded at a price-to-earnings multiple of 8.76 and a price-to-book ratio of 2.7.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 20.87 per cent during the past one year, while the 30-share index advanced 2.48 per cent during the same period.

Ltd. belongs to the Telecommunications – Allied Services industry.

Promotor/FII Holding

Promoters held 49.5 per cent stake in the company as of 31-Mar-2022, while FIIs and domestic institutional investors ownership stood at 28.23 per cent and 0.69 per cent, respectively.

Key Financials

The firm reported consolidated sales of Rs 7225.3 crore for the quarter ended 31-Mar-2022, up 2.91 per cent from the previous quarter’s Rs 7021.3 crore and up 9.99 per cent from the year-ago quarter’s Rs 6569.1 crore.

Profit for the latest quarter stood at Rs 1828.5 crore, up 34.08 per cent from the same quarter a year ago.

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