Share price of Indus Towers falls as Sensex drops 47.64 points


Share price of Indus Towers Ltd. dropped 0.49 per cent to Rs 316.05 at 11:54AM (IST) in Monday’s trade. The scrip hit a high of Rs 326.8 and low of Rs 310.1 so far during the session. The stock had closed at Rs 317.6 in the previous session.

The counter had a total traded volume of 11:54AM shares so far with a turnover of Rs 18.14 crore on BSE. The stock traded at a price-to-earnings multiple of 18.99 and a price-to-book ratio of 4.16.

A higher P/E 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 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.

Promotor/FII Holding

Promoters held 69.85 per cent stake in the company as of 30-Jun-2021, while foreign investors and domestic institutional investors ownership stood at 26.87 per cent and 2.53 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 6853.9 crore for the quarter ended 30-Jun-2021, 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.

Its profit for the latest quarter stood at Rs 1415.3 crore, up 101.15 per cent from the same quarter a year ago.



READ SOURCE

See also  Belarus bonds dumped by investors fearful of EU sanctions

LEAVE A REPLY

Please enter your comment!
Please enter your name here