Shares of Indus Towers fall as Nifty gains

Shares of Indus Towers Ltd. slipped 0.68 per cent to Rs 152.25 in Friday's trade as of 02:01PM (IST). It hit a high of Rs 154.15 and low of Rs 149.8 during the session.

The stock quoted a 52-week high price of Rs 230.75 and a low of Rs 135.2. The return on equity for the stock stood at 28.77 per cent. About 123,459 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.34.

The scrip has been an underperformer, down 29.05 per cent in the past one year in comparison with a 3.79 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 135.2 on March 17, while the 50-DMA was at Rs 165.6. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 51.01 per cent stake in Indus Towers Ltd. as of 31-Dec-2022. Mutual funds and foreign institutional investors held 0.55 per cent and 26.6 per cent stake.