Shares of Indus Towers Ltd. fell 0.4 per cent to Rs 271.0 in Monday’s trade as of 12:38PM (IST) even as the benchmark Nifty ruled at 18303.75, up 48.0 points.
The scrip had closed at Rs 272.1 in the previous session. The stock quoted a 52-week low of Rs 194.25 and a high of Rs 332.6. The company quoted a market-cap of Rs 73181.01 crore on the BSE.
On BSE, 106,557 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 13.76 times its trailing 12-month EPS of Rs 19.73 per share and 4.16 times its book value. The return on equity (ROE) stood at Rs 23.8.
Key Financials
For the quarter ended 30-Sep-2021, Indus Towers Ltd. reported consolidated sales of Rs 6969.2 crore, up 289.65 per cent from the same quarter a year ago. The company reported 112.74 per cent YoY growth in net profit at Rs 1558.5 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.
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