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Tuesday, May 18, 2021

Indus Towers shares drop 1.53% as Sensex rises

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Shares of Indus Towers Ltd. traded 1.53 per cent lower in Tuesday’s session at 12:56PM (IST). The stock opened at Rs 262.5 and has touched an intraday high and low of Rs 264.95 and Rs 256.4, respectively, during the session so far.

The stock quoted a 52-week high of Rs 282.0 and a 52-week low of 156.6. About 63,013 shares changed hands on the counter so far.

Benchmark Nifty50 was up 28.7 points at 14662.85, while the BSE Sensex traded 108.8 points higher at 48827.32 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 31-Mar-2021, the company reported consolidated sales of Rs 6569.1 crore, up 58.61 per cent from the previous quarter’s Rs 4141.6 crore and up 281.77 per cent from the year-ago quarter. The company reported net profit of Rs 1363.7 crore for the latest quarter.

Promoter Holdings

Promoters held 69.85 per cent stake in the company as of 31-Mar-2021, while FIIs held 27.21 per cent and MFs 0.25 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 222.79 on May 04, while the 50-DMA was at Rs 255.47. 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.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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