Share price of Indus Towers jumps as Sensex gains 158.33 points

Share price of Ltd. gained 0.63 per cent to Rs 223.65 at 10:25AM (IST) in Wednesday's trade. The counter hit a high of Rs 224.95 and low of Rs 220.0 so far during the session. The stock had closed at Rs 222.25 in the previous session.

The counter had a total traded volume of 10:25AM shares so far with a turnover of Rs 0.62 crore on BSE. The stock traded at a price-to-earnings multiple of 9.47 and a price-to-book ratio of 2.7.

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 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.

Promotor/FII Holding
Promoters held 68.81 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 29.02 per cent and 0.56 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 7225.3 crore for the quarter ended 31-Mar-2022, up 2.91 per cent from the previous quarter's Rs 7021.3 crore and up 9.99 per cent from the year-ago quarter's Rs 6569.1 crore.

Its profit for the latest quarter stood at Rs 1828.5 crore, up 34.08 per cent from the same quarter a year ago.