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NEW DELHI: Shares of Indus Towers Ltd. traded 2.45 per cent down in Thursday’s trade at 02:28PM (IST). Around 52,147 shares changed hands on the counter.

The scrip opened at Rs 220.0 and touched an intraday high and low of Rs 220.1 and Rs 214.7, respectively, in the session so far. Shares of the company of Indus Towers Ltd. quoted a 52-week high of Rs 282.0 and a 52-week low of Rs 161.3.

Total market cap of the Indus Towers Ltd. stood at Rs 57981.57 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 6853.9 crore for the quarter ended 30-Jun-2021, up 4.34 per cent from previous quarter’s Rs 6569.1 crore and up 314.91 per cent from the year-ago quarter’s Rs 1651.9 crore.

The net profit for latest quarter stood at Rs 1415.3 crore, up 101.15 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2021, domestic institutional investors held 0.49 per cent stake in the company, while foreign institutional investors held 26.87 per cent and the promoters 69.85 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 12.91 and a price-to-book ratio of 4.16. 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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