Indus Towers rises 1.06% as Sensex climbs

Shares of Indus Towers Ltd. traded at Rs 224.6 on BSE at 10:51AM (IST) on Wednesday, up 1.06 per cent from previous close.

The scrip quoted a 52-week low price of Rs 161.3 and a high of Rs 282.0.

Earlier, the stock saw a gap down opening in the morning.

A total of 49,072 lakh shares changed hands on the counter till 10:51AM (IST).

The stock of Indus Towers Ltd. commanded a market value of Rs 60689.98 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 13.51, while the price-to-book value ratio stood at 4.16. Return on equity (ROE) was at 23.8 per cent, according to exchange data.

In the BSE500 pack, 331 stocks traded in the green, while 169 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.34.

Promotor/FII Holding
Promoters held 41.73 per cent in Indus Towers Ltd. as of 30-Jun-2021 while overseas and domestic institutional investors owned 26.76 per cent and 0.49 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 237.74 on August 04, while the 50-DMA was at 239.37. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.