Shutterstock.comThe scrip opened at Rs 151.0 and touched an intraday high and low of Rs 151.0 and Rs 147.9, respectively, in the session so far. The stock of Indus Towers Ltd. quoted a 52-week high of Rs 230.75 and a 52-week low of Rs 135.2.
As per BSE, the total market cap of the Indus Towers Ltd. stood at Rs 39979.39 crore at the time of writing this report.
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 previous quarter's Rs 6854.8 crore and up 4.93 per cent from the year-ago quarter's Rs 7225.3 crore.
The net profit for latest quarter stood at Rs 1399.1 crore, down 23.48 per cent from the same quarter a year ago.
As of 31-Dec-2022, DIIs held 0.32 per cent stake in the company, while foreign institutional investors held 26.63 per cent and the promoters 51.01 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 19.6 and a price-to-book ratio of 1.83. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
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