Indus Towers shares drop 0.42% as Sensex falls

Shares of Indus Towers Ltd. traded 0.42 per cent down at Rs 166.8 at 01:43PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 69.41 points to 60962.85. The scrip had closed at Rs 167.5 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 268.9 and Rs 135.2, respectively.

As per BSE data, total traded volume on the counter till 01:43PM (IST) stood at 01:43PM shares with turnover at Rs 1.85 crore.

At the current price, shares of the company trades at 18.2 times its trailing 12-month earnings per share of Rs 9.16 per share and 2.7 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

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

Shareholding Details
Promoters held 69.0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 26.6 per cent and DIIs 2.87 per cent.