Indus Towers shares rise 0.5 per cent in Thursday's trading session

Shares of Indus Towers Ltd. rose 0.5 per cent to Rs 200.8 in Thursday's trade as of 10:40AM (IST) even as the benchmark Nifty ruled at 17636.9, down 122.4 points.

The scrip had closed at Rs 199.8 in the previous session. The stock quoted a 52-week low of Rs 181.15 and a high of Rs 332.6. The company quoted a market-cap of Rs 53844.84 crore on the BSE.

On BSE, 97,343 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 9.91 times its trailing 12-month EPS of Rs 20.17 per share and 2.7 times its book value. The return on equity (ROE) stood at Rs 28.77.

Key Financials
For the quarter ended 30-Jun-2022, Ltd. reported consolidated sales of Rs 6989.8 crore, down 1.98 per cent from the same quarter a year ago. The company reported 66.28 per cent YoY de-growth in net profit at Rs 477.3 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.