Indus Towers shares gain 1.38% as Sensex rises

Indus Towers shares gain 1.38% as Sensex rises
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A total of 57,271 shares changed hands on the counter till 11:02AM (IST)

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Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.
Shares of the Indus Towers Ltd. traded at Rs 257.1 on BSE at 11:02AM (IST) on Thursday, up 1.38 per cent. The stock quoted a 52-week low price of Rs 156.6 and a high of Rs 282.0.

Earlier in the day, the stock saw a gap up opening.

At the prevailing price, the stock traded at 18.23 times its trailing 12-month EPS of Rs 14.02 per share and 2.19 times its book value, as per BSE data.

A total of 57,271 shares changed hands on the counter till 11:02AM (IST). The stock commands a market value of Rs 68909.54 crore and is part of the Telecommunications - Allied Services industry.

The scrip has been an outperformer , up 59.79 per cent in the past one year in comparison with a 44.59 per cent gain in Sensex.

During the day, the stock moved between Rs 258.65 and Rs 253.1.

Promoter/FII Holding
Promoters held 41.73 per cent in the company as of 31-Mar-2021. FII and MF ownership in Indus Towers Ltd. stood at 27.08 per cent and 0.25 per cent, respectively.

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