Indus Towers shares down 1.59% as Nifty drops

NEW DELHI: Shares of Indus Towers Ltd. traded 1.59 per cent down in Monday's trade at 10:56AM (IST). Around 113,084 shares changed hands on the counter.

The stock opened at Rs 205.0 and touched an intraday high and low of Rs 206.2 and Rs 202.05, respectively, in the session so far. Shares of the company 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 54774.59 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 7021.3 crore for the quarter ended 31-Dec-2021, up 0.75 per cent from previous quarter's Rs 6969.2 crore and up 69.53 per cent from the year-ago quarter's Rs 4141.6 crore.

The net profit for latest quarter stood at Rs 1570.8 crore, up 60.43 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2021, DIIs held 0.8 per cent stake in the firm, while foreign institutional investors held 26.08 per cent and the promoters 44.79 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 9.27 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.