Share price of Indus Towers falls as Nifty strengthens

Share price of Indus Towers falls as Nifty strengthens
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Synopsis

A total of 35,424 shares changed hands on the counter till 12:58PM (IST).

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In effect, financial markets are betting that there is some reasonable approximation of normal on some foreseeable horizon.
Shares of Indus Towers Ltd. slipped 1.14 per cent to Rs 242.4 in Monday's trade as of 12:58PM (IST).

The stock hit a high price of Rs 246.0 and low of Rs 242.3 during the session.

The return on equity (ROE) for the stock stood at 23.8 per cent. Traded volume on the counter stood at 12:58PM shares and turnover at Rs 0.86 crore around that time.

The stock of Indus Towers Ltd. quoted a 52-week high and 52-week low prices of Rs 282.0 and Rs 161.3, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.34.

Promotor/FII Holding
Promoters held 69.85 per cent stake in the company as of 31-Mar-2021, while FIIs held 27.21 per cent and domestic institutional investors had 2.3 per cent.

Key Financials
The company reported consolidated sales of Rs 6569.1 crore for the quarter ended 31-Mar-2021, up 58.61 per cent from previous quarter's Rs 4141.6 crore and up 281.77 per cent from the year-ago quarter's Rs 1720.7 crore.

Net profit after tax for the latest quarter stood at Rs 1363.7 crore, up 109.96 per cent from the same quarter a year ago.

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