Indus Towers Share Price: Shares of Indus Towers as Nifty drops

Shares of Indus Towers Ltd. 0.0 per cent to Rs 206.4 in Thursday’s trade as of 12:07PM (IST). It hit a high of Rs 208.3 and low of Rs 204.1 during the session.

The stock quoted a 52-week high price of Rs 332.6 and a low of Rs 181.15. The return on equity for the stock stood at 28.77 per cent. About 67,303 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.34.

The scrip has been an underperformer, down 18.11 per cent in the past one year in comparison with a 0.74 per cent fall in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 181.15 on June 16, while the 50-DMA was at Rs 206.16. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 49.5 per cent stake in Ltd. as of 31-Mar-2022. Mutual funds and foreign institutional investors held 0.69 per cent and 28.23 per cent stake.