Indus Towers shares down 0.36% as Nifty gains

Indus Towers shares down 0.36% as Nifty gains
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Synopsis

A total of 28,805 shares changed hands on the counter till 01:44PM (IST).

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
NEW DELHI: Shares of Indus Towers Ltd. traded 0.36 per cent down in Monday's trade at 01:44PM (IST). Around 28,805 shares changed hands on the counter.

The counter opened at Rs 249.75 and touched an intraday high and low of Rs 249.75 and Rs 246.5, respectively, in the session so far. The stock of Indus Towers Ltd. quoted a 52-week high of Rs 332.6 and a 52-week low of Rs 194.25.

As per BSE, the total market cap of the Indus Towers Ltd. stood at Rs 66847.91 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 6969.2 crore for the quarter ended 30-Sep-2021, up 1.68 per cent from previous quarter's Rs 6853.9 crore and up 289.65 per cent from the year-ago quarter's Rs 1788.6 crore.

The net profit for latest quarter stood at Rs 1558.5 crore, up 112.74 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2021, DIIs held 0.34 per cent stake in the firm, while foreign institutional investors held 26.83 per cent and the promoters 41.73 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 12.57 and a price-to-book ratio of 4.16. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indus Towers Ltd. belongs to the Telecommunications - Allied Services industry.

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