Indus Towers shares up 0.83% as Nifty drops

NEW DELHI: Shares of Indus Towers Ltd. traded 0.83 per cent up in Thursday's trade at 12:07PM (IST). Around 61,998 shares changed hands on the counter.

The scrip opened at Rs 200.95 and touched an intraday high and low of Rs 201.55 and Rs 197.6, respectively, in the session so far. The stock of Indus Towers Ltd. quoted a 52-week high of Rs 332.6 and a 52-week low of Rs 181.15.

As per BSE, the total market cap of the Indus Towers Ltd. stood at Rs 54006.54 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 7225.3 crore for the quarter ended 31-Mar-2022, up 2.91 per cent from previous quarter's Rs 7021.3 crore and up 9.99 per cent from the year-ago quarter's Rs 6569.1 crore.

The net profit for latest quarter stood at Rs 1828.5 crore, up 34.08 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2022, DIIs held 0.69 per cent stake in the firm, while foreign institutional investors held 28.23 per cent and the promoters 49.5 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 8.47 and a price-to-book ratio of 2.7. 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.