Indus Towers share price up 1.67 per cent

PI Industries shares  drop  2.24% as Sensex  falls

Shares of Indus Towers Ltd. traded 1.67 per cent up at Rs 204.0 at around 10:35AM (IST) on Wednesday. The stock had closed at Rs 200.65 in the previous session. Equity benchmark Sensex traded 279.71 points lower at 58917.28 around the same time.

The scrip has declined 15.49 per cent in the last one year till date, while the 30-share index has gained 3.57 per cent during the same period.

The stock’s 52-week high price stood at Rs 332.6 and the 52-week low price at Rs 181.15.

Trading volume on the counter stood at 42,895 shares, while it quoted a price-to-earnings ratio of 10.12, an EPS value of 20.17 and a price-to-book value of 2.7. In the Nifty50 pack, 20 stocks traded in the green, while 30 stocks were in the red.

Promoter/FII Holding
Promoters held 68.81 per cent stake in the company as of 30-Jun-2022, while foreign institutional investors and MF ownership stood at 29.02 per cent and 0.55 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 6989.8 crore, down 3.26 per cent from the previous quarter’s Rs 7225.3 crore and down 1.98 per cent from the year-ago quarter’s Rs 6853.9 crore. The company reported net profit of Rs 477.3 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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