Share price of Indus Towers falls as Sensex gains 57.38 points

Share price of Indus Towers Ltd. dropped 1.08 per cent to Rs 151.25 at 02:11PM (IST) in Thursday's trade. The counter hit a high of Rs 153.35 and low of Rs 150.55 so far during the session. The stock had closed at Rs 152.9 in the previous session.

The counter had a total traded volume of 02:11PM shares so far with a turnover of Rs 2.18 crore on BSE. The stock traded at a price-to-earnings multiple of 19.99 and a price-to-book ratio of 1.83.

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 is the measure of the price that investors are ready to pay even for no growth in the business.

Indus Towers Ltd. belongs to the Telecommunications - Allied Services industry.

Promotor/FII Holding
Promoters held 69.0 per cent stake in the company as of 31-Dec-2022, while FIIs and domestic institutional investors ownership stood at 26.6 per cent and 2.87 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 6869.0 crore for the quarter ended 31-Mar-2023, up 0.21 per cent from the previous quarter's Rs 6854.8 crore and up 4.93 per cent from the year-ago quarter's Rs 7225.3 crore.

Its profit for the latest quarter stood at Rs 1399.1 crore, down 23.48 per cent from the same quarter a year ago.