Share price of Indus Towers falls as Sensex gains 987.72 points

The share price of Indus Towers Ltd. dropped 0.05 per cent to Rs 212.25 at 01:08PM (IST) in Thursday's trade. The counter has hit a high of Rs 217.3 and low of Rs 211.75 so far during the session. The stock had closed at Rs 212.35 in the previous session.

The counter has had a total traded volume of 145302 shares so far with a value of Rs 3.11 crore on the NSE. It traded at a price-to-earnings multiple of 9.69 and a price-to-book ratio of 4.16.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 16.65 per cent during the past one year, while the 30-share index advanced 13.28 per cent during the same period.

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

Promotor/FII Holding
Promoters held 44.79 per cent stake in the company as of 31-Dec-2021, while foreign investors and domestic institutional investors ownership stood at 26.08 per cent and 0.8 per cent, respectively.

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 the previous quarter's Rs 6969.2 crore and up 69.53 per cent from the year-ago quarter's Rs 4141.6 crore.

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