Indus Towers stock price up 2.52 per cent as Sensex climbs

Shares of Indus Towers Ltd. rose 2.52 per cent to Rs 209.15 at 10:46AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 111,845 shares with a turnover of Rs 2.31 crore till 10:46AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 9.51, 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. The stock hit an intraday high of Rs 209.4 and a low of Rs 202.8 during the session and quoted a 52-week high price of Rs 332.6 and a 52-week low of Rs 194.25.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 254.96 on March 09, while the 50-DMA was at Rs 247.91. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 34.91. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2021, promoters held 69.85 per cent stake in the company, while overseas investors held 28.43 per cent and domestic institutional investors had 0.81 per cent.