Share price of Indus Towers rises as Nifty strengthens

Share price of Indus Towers rises as Nifty strengthens
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Synopsis

A total of 29,557 shares changed hands on the counter till 11:11AM (IST).

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
Shares of Indus Towers Ltd. gained 1.35 per cent to Rs 217.25 in Thursday's trade as of 11:11AM (IST).

The stock hit a high price of Rs 218.3 and low of Rs 215.6 during the session.

The return on equity (ROE) for the stock stood at 23.8 per cent. Traded volume on the counter stood at 11:11AM shares and turnover at Rs 0.64 crore around that time.

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

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

Promotor/FII Holding
Promoters held 69.85 per cent stake in the company as of 31-Dec-2021, while FIIs held 28.43 per cent and domestic institutional investors had 0.81 per cent.

Key Financials
The company reported consolidated 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.

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

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