Share price of Indus Towers jumps as Sensex gains 416.13 points
The counter had a total traded volume of 11:37AM shares so far with a turnover of Rs 0.83 crore on BSE. The stock traded at a price-to-earnings multiple of 10.19 and a price-to-book ratio of 2.7.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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.
Ltd. belongs to the Telecommunications – Allied Services industry.
Promotor/FII Holding
Promoters held 68.81 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 29.02 per cent and 0.56 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 6989.8 crore for the quarter ended 30-Jun-2022, 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.
Its profit for the latest quarter stood at Rs 477.3 crore, down 66.28 per cent from the same quarter a year ago.
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