Finace And Stock

Indus Towers share price up 2.22 per cent

Shares of Indus Towers Ltd. traded 2.22 per cent up at Rs 315.55 at around 01:00PM (IST) on Friday. The stock had closed at Rs 308.7 in the previous session. Equity benchmark Sensex traded 436.88 points lower at 58689.48 around the same time.

The scrip has climbed 76.63 per cent in the last one year till date, while the 30-share index has gained 55.81 per cent during the same period.

The stock’s 52-week high price stood at Rs 332.6 and the 52-week low price at Rs 175.3.

Trading volume on the counter stood at 599,817 shares, while it quoted a price-to-earnings ratio of 18.95, an EPS value of 16.66 and a price-to-book value of 4.16. In the Nifty50 pack, 17 stocks traded in the green, while 33 stocks were in the red.

Promoter/FII Holding
Promoters held 69.85 per cent stake in the company as of 30-Jun-2021, while overseas investor and MF ownership stood at 26.87 per cent and 0.49 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 6853.9 crore, up 4.34 per cent from the previous quarter’s Rs 6569.1 crore and up 314.91 per cent from the year-ago quarter’s Rs 1651.9 crore. The company reported net profit of Rs 1415.3 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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