Indus Towers shares gain 0.35% as Sensex rises

Indus Towers shares gain 0.35% as Sensex rises
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A total of 22,004 shares changed hands on the counter till 11:49AM (IST)

Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.
Shares of the Indus Towers Ltd. traded at Rs 242.95 on BSE at 11:49AM (IST) on Tuesday, up 0.35 per cent. The stock quoted a 52-week low price of Rs 161.3 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 17.33 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 22,004 shares changed hands on the counter till 11:49AM (IST). The stock commands a market value of Rs 65500.44 crore and is part of the Telecommunications - Allied Services industry.

The scrip has been an underperformer , up 17.01 per cent in the past one year in comparison with a 58.7 per cent gain in Sensex.

During the day, the stock moved between Rs 244.7 and Rs 242.7.

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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