Indus Towers Share Price: Indus Towers shares drop 0.94% as Sensex rises

Shares of Indus Towers Ltd. traded 0.94 per cent decrease in Tuesday’s session at 02:12PM (IST). The inventory opened at Rs 306.95 and has touched an intraday excessive and low of Rs 306.95 and Rs 293.25, respectively, throughout the session thus far.

The inventory quoted a 52-week excessive of Rs 332.6 and a 52-week low of 175.3. About 232,386 shares modified arms on the counter thus far.

Benchmark Nifty50 was up 16.1 factors at 17962.05, whereas the BSE Sensex traded 49.79 factors increased at 60185.57 on the time of writing of this report.

Within the Nifty pack, 27 shares traded the day within the inexperienced, whereas 23 have been within the crimson.

Key Financials

For the quarter ended 30-Jun-2021, the corporate reported consolidated gross sales of Rs 6853.9 crore, up 4.34 per cent from the earlier quarter’s Rs 6569.1 crore and up 314.91 per cent from the year-ago quarter. The corporate reported internet revenue of Rs 1415.3 crore for the newest quarter.

Promoter Holdings

Promoters held 69.85 per cent stake within the firm as of 30-Jun-2021, whereas FIIs held 26.87 per cent and MFs 0.49 per cent.

Technicals

On the technical charts, the 200-Day Transferring Common (DMA) of the inventory stood at Rs 248.67 on October 12, whereas the 50-DMA was at Rs 250.56. If a inventory trades above 50-DMA and 200-DMA, it normally means the instant pattern is upward. Alternatively, if the inventory trades properly under 50-DMA and 200-DMA each, it’s thought-about as bearish pattern and if trades between these averages, then it suggests the inventory can go both method.