Indus Towers shares drop 1.83% as Sensex falls

Indus Towers shares drop 1.83% as Sensex falls
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Synopsis

A total of 195,718 shares changed hands on the counter till 12:43PM (IST)

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
Shares of Indus Towers Ltd. traded 1.83 per cent down at Rs 248.9 at 12:43PM (IST) on Thursday, even as BSE benchmark Sensex dropped 1219.8 points to 56638.35. The stock had closed at Rs 253.55 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 332.6 and Rs 194.25, respectively.

As per BSE data, total traded volume on the counter till 12:43PM (IST) stood at 12:43PM shares with turnover at Rs 4.86 crore.

At the current price, the stock trades at 12.59 times its trailing 12-month earnings per share 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 is the measure of the price that investors are ready to pay even for no growth in the business.

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

Shareholding Details
Promoters held 69.85 per cent stake in the company as of 31-Dec-2021, while FIIs owned 28.43 per cent and DIIs 0.81 per cent.

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