Share price of Indus Towers falls as Sensex drops 195.89 points

The share price of Indus Towers Ltd. dropped 0.55 per cent to Rs 199.85 at 01:09PM (IST) in Friday's trade. The counter has hit a high of Rs 201.7 and low of Rs 197.85 so far during the session. The stock had closed at Rs 200.95 in the previous session.

The counter has had a total traded volume of 35999 shares so far with a value of Rs 0.72 crore on the NSE. It traded at a price-to-earnings multiple of 9.9 and a price-to-book ratio of 2.7.

A higher P/E 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 34.94 per cent during the past one year, while the 30-share index slipped -2.87 per cent during the same period.

Ltd. belongs to the Telecommunications - Allied Services industry.

Promotor/FII Holding
Promoters held 50.83 per cent stake in the company as of 30-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 26.62 per cent and 0.55 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 6989.8 crore for the quarter ended 30-Jun-2022, down 3.26 per cent from the previous quarter's Rs 7225.3 crore and down 1.98 per cent from the year-ago quarter's Rs 6853.9 crore.

Profit for the latest quarter stood at Rs 477.3 crore, down 66.28 per cent from the same quarter a year ago.