Indus Towers shares drop 0.94% as Sensex rises

The stock quoted a 52-week high of Rs 332.6 and a 52-week low of 175.3. About 232,386 shares changed hands on the counter so far.

Benchmark Nifty50 was up 16.1 points at 17962.05, while the BSE Sensex traded 49.79 points higher at 60185.57 at the time of writing of this report.

In the Nifty pack, 27 stocks traded the day in the green, while 23 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 6853.9 crore, up 4.34 per cent from the previous quarter’s Rs 6569.1 crore and up 314.91 per cent from the year-ago quarter. The company reported net profit of Rs 1415.3 crore for the latest quarter.

Promoter Holdings

Promoters held 69.85 per cent stake in the company as of 30-Jun-2021, while FIIs held 26.87 per cent and MFs 0.49 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 248.67 on October 12, while the 50-DMA was at Rs 250.56. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.