ETMarkets.comShares of Indus Towers Ltd. traded 0.26 per cent up at Rs 270.05 at 01:54PM (IST) on Tuesday, even as BSE benchmark Sensex gained 1096.29 points to 57843.43.
The stock had closed at Rs 269.35 in the previous session. The stock quoted a 52-week high price of Rs 332.6 and 52-week low of Rs 194.25, respectively. As per BSE data, total traded volume on the counter till 01:54PM (IST) stood at 104427 shares with a turnover of Rs 2.81 crore.
At the current price, shares of the company traded at 13.68 times its trailing 12-month EPS of Rs 19.73 per share and 4.16 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.34.
Shareholding Details
Promoters held 41.73 per cent stake in the company as of 30-Sep-2021, while FIIs owned 26.83 per cent and DIIs 0.34 per cent.
Technicals
On the technical charts, the relative strength index (RSI) of the stock stood at 38.74. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.
The stock had closed at Rs 269.35 in the previous session. The stock quoted a 52-week high price of Rs 332.6 and 52-week low of Rs 194.25, respectively. As per BSE data, total traded volume on the counter till 01:54PM (IST) stood at 104427 shares with a turnover of Rs 2.81 crore.
At the current price, shares of the company traded at 13.68 times its trailing 12-month EPS of Rs 19.73 per share and 4.16 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.34.
Shareholding Details
Promoters held 41.73 per cent stake in the company as of 30-Sep-2021, while FIIs owned 26.83 per cent and DIIs 0.34 per cent.
Technicals
On the technical charts, the relative strength index (RSI) of the stock stood at 38.74. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.
Pick the best companies to invest
BECOME AN ETPRIME MEMBERRead More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by