Share price of Indus Towers falls as Nifty strengthens

Share price of Indus Towers falls as Nifty strengthens
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Synopsis

A total of 51,124 shares changed hands on the counter till 01:56PM (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. slipped 1.38 per cent to Rs 200.6 in Tuesday's trade as of 01:56PM (IST).

The stock hit a high price of Rs 203.7 and low of Rs 200.35 during the session.

The return on equity (ROE) for the stock stood at 28.77 per cent. Traded volume on the counter stood at 01:56PM shares and turnover at Rs 1.02 crore around that time.

The stock of Ltd. quoted a 52-week high and 52-week low prices of Rs 289.2 and Rs 181.15, 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 68.81 per cent stake in the company as of 30-Jun-2022, while overseas investors held 29.02 per cent and domestic institutional investors had 0.56 per cent.

Key Financials
The company reported consolidated sales of Rs 8029.5 crore for the quarter ended 30-Sep-2022, up 14.87 per cent from previous quarter's Rs 6989.8 crore and up 15.21 per cent from the year-ago quarter's Rs 6969.2 crore.

Net profit after tax for the latest quarter stood at Rs 871.8 crore, down 44.06 per cent from the same quarter a year ago.
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