The stock opened at Rs 305.7 and touched an intraday high and low of Rs 310.8 and Rs 303.3, 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 175.3.
Total market cap of the Indus Towers Ltd. stood at Rs 83287.03 crore at the time of writing this report.
The company reported consolidated net sales of Rs 6853.9 crore for the quarter ended 30-Jun-2021, up 4.34 per cent from previous quarter’s Rs 6569.1 crore and up 314.91 per cent from the year-ago quarter’s Rs 1651.9 crore.
The net profit for latest quarter stood at Rs 1415.3 crore, up 101.15 per cent from the corresponding quarter last year.
As of 30-Jun-2021, domestic institutional investors held 0.49 per cent stake in the firm, while foreign institutional investors held 26.87 per cent and the promoters 69.85 per cent.
According to BSE data, the stock traded at a P/E multiple of 18.55 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.