Indus Towers shares rise 1.12 per cent in Wednesday’s trading session

Shares of Indus Towers Ltd. rose 1.12 per cent to Rs 253.75 in Wednesday’s trade as of 11:59AM (IST) even as the benchmark Nifty ruled at 14832.90, up 149.4 points.

The scrip had closed at Rs 250.95 in the previous session. The stock quoted a 52-week low of Rs 149.55 and a high of Rs 282.0. The company quoted a market-cap of Rs 68384.03 crore on the BSE.

On BSE, 26,082 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 22.31 times its trailing 12-month EPS of Rs 11.37 per share and 2.19 times its book value. The return on equity (ROE) stood at Rs 24.35.

Key Financials

For the quarter ended 31-Dec-2020, Indus Towers Ltd. reported consolidated sales of Rs 4141.6 crore, up 145.87 per cent from the same quarter a year ago. The company reported 22.59 per cent YoY growth in net profit at Rs 979.1 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Wednesday. 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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