₹339.05
0.27%
Low
Day's Volatility:2.77%
High
2.51%
58.24%
Low
52 Weeks Volatility:66.35%
High
8.11%
Returns % | |
1 Month Return | -1.39 % |
3 Month Return | + 57.62 % |
1 Year Return | + 141.06 % |
Market Stats | |
Previous Close | ₹₹344.95 |
Open | ₹₹347.00 |
Volume | ₹75.33L |
Upper Circuit | ₹- |
Lower Circuit | ₹- |
Market Cap | ₹₹92,961.85Cr |
based on 21 analysts
Based on 21 analysts offering long term price targets for Indus Towers Ltd. An average target of ₹323.81
Source: S&P Global Market Intelligence
Organisation | Indus Towers Ltd |
Headquarters | |
Industry | Telecomm Equipment & Infra Services |
E-voting on shares | Click here to vote |
Today's Timeline - 21 May
07:24 AM
-Foreign institutional investor shareholder likely to sell stake in Indus Towers.
08:28 AM
-HNIs buying shares of Indus Towers as Vodafone begins repaying money owed, Silent Investor leading the charge.
09:06 AM
-Indus Towers' Q4 FY23-24 revenue up 6.5% YoY to Rs. 7,193 crore, PAT at Rs. 1,853 crore, record tower additions; stock gained 138% over past year.
Today's Timeline - 21 May
04:27 PM
-FII shareholder sells 80 lakh shares of Indus Towers for approx. Rs. 270 crore in block deal on May 21st.
Key events for Indus Towers Ltd
Indus Towers saw a foreign institutional investor shareholder sell off 80 lakh shares worth approximately Rs. 270 crore in a block deal on May 21st. However, positive Q4 results showed a 6.5% YoY growth in revenue from operations and a net profit increase of 32.4%. The stock has gained 138% over the past year.
FII Shareholder Likely to Sell Stake in Indus Towers - 20 May, 2024
An FII shareholder is expected to sell an 80 lakh share block deal worth Rs 270 crore in Indus Towers. This comes after the company registered a block deal of around 24.7 crore shares worth Rs 5,229 crore in February.
Indus Towers Included in MSCI Global Standard Index - 14 May, 2024
Indus Towers is set to be included in the MSCI Global Standard index along with PB Fintech Ltd, Phoenix Mills, and Sundaram Finance. This move may result in over $200 million in passive inflows for each of these stocks.
Indus Towers Signs Pacts for Renewable Energy Projects - 08 May, 2024
Indus Towers has signed an initial pact and a memorandum of understanding with NTPC Green Energy to develop grid-connected renewable energy projects, including solar and wind power. The move is part of Indus Tower's net-zero commitments.
Indus Towers Reports Positive Earnings; Target Price Raised by BofA Securities - 03 May, 2024
Indus Towers reported positive full-year earnings, with revenues of ₹286b in line with analyst predictions and a statutory profit of ₹22.40 per share. BofA Securities raised the target price to Rs 410 due to Vodafone Idea's improving cash flows and new tenancies.
Indus Towers Reports Strong Q4 Results Amid Analyst Downgrade - 02 May, 2024
Indus Towers reports a strong Q4 with significant YoY revenue and profit increases. JP Morgan downgrades stock but raises target price. Elevated capex leads to skipped dividend payout. Indus Towers expects Vodafone Idea to clear dues soon.
Indus Towers Reports Strong Financial Results and Expects New Growth Opportunities - 01 May, 2024
Telecom infrastructure company Indus Towers reported strong Q4 results with a 32% YoY increase in net profit and 6.5% YoY growth in revenue from operations. For FY24, the company posted close to a three-fold jump in consolidated profit. Additionally, Indus Towers is optimistic about new growth opportunities with Vodafone Idea's improving financial situation post FPO.
Indus Towers Reports Strong Q4 Results - 30 Apr, 2024
Telecom infrastructure company Indus Towers reported a 32% jump in its consolidated net profit for Q4 FY24. The tower company's revenue from operations grew 6.5% YoY to Rs 7,193.2 crore during the quarter. For the fiscal year ended March 31, 2024, Indus Towers posted close to a three-fold jump in consolidated profit to Rs 6,036.2 crore.
Mixed Outlook for Indus Towers Ltd Stock - 29 Apr, 2024
Indus Towers' stock outlook is mixed as Motilal Oswal Asset Management's CIO holds it in his portfolio while Kotak Institutional Equities downgraded it to reduce. The former expects a full migration to 4G/5G within the next few years, while the latter cites concerns over long-term revival plans being dependent on the government. Kotak also slashed its target price by almost 4%.
Bharti Airtel Stalls Talks for Indus Towers Stake Acquisition - 24 Apr, 2024
Bharti Airtel is seeking to increase its stake in Indus Towers, but discussions have stalled due to disagreements over valuation. Meanwhile, Indus Towers has experienced significant growth in returns on capital employed. The stock declined 3% after Airtel dismissed rumors of acquiring a stake.
CLSA Upgrades Indus Towers to Buy; Target Price Raised to Rs. 450 - 23 Apr, 2024
Brokerage firm CLSA has upgraded Indus Towers to buy and raised its target price to Rs. 450 per share, citing Vodafone Idea's fundraising as a key benefit. The stock gained nearly 4% at open on April 23rd. ICICI Securities recommends selling Indus Tower with a target price of Rs. 260 due to elevated capex intensity for FY25E and FY26E.
Indus Towers Signs MoU for Renewable Energy Expansion - 22 Apr, 2024
Indus Towers signed an MoU with NTPC Green Energy to expand its renewable energy portfolio and achieve net zero commitments. Shares fell slightly after the announcement. Improved financial health of Vodafone Idea could also benefit Indus Towers.
Fundamentals of Indus Towers Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
Retail Holding Up
Retail Investor have increased holdings from 3.17% to 4.68% in Mar 2024 quarter
Profit Spike
Netprofit is up for the last 3 quarters, 1.29K Cr → 1.85K Cr (in ₹), with an average increase of 16.4% per quarter
Price Rise
In the last 3 months, INDUSTOWER stock has moved up by 57.6%
Revenue Rich
Revenue is up for the last 6 quarters, 6.85K Cr → 7.30K Cr (in ₹), with an average increase of 1.3% per quarter
MF Holding Up
Mutual Funds have increased holdings from 4.02% to 6.56% in Mar 2024 quarter
Against Peers
In the last 1 year, Railtel Corporation of India Ltd has given 243.5% return, outperforming this stock by 102.4%
Against Peers
In the last 3 years, Tata Teleservices Maharashtra Ltd has given 521.6% return, outperforming this stock by 480.9%
Promoter Holding Unchanged
Promoters holdings remained unchanged at 69.00% of holdings in Mar 2024 quarter
FII Holding Down
Foreign Institutions have decreased holdings from 20.71% to 16.40% in Mar 2024 quarter
Indus Towers Ltd in the last 5 years
Lowest (7.04x)
March 19, 2020
Today (15.39x)
May 18, 2024
Industry (152.85x)
May 18, 2024
Highest (26.33x)
January 29, 2018
Investors | Holdings % | Prev. 1 periods | 3M change |
---|---|---|---|
Promoter Holdings | 69% | 0.00 | |
Foreign Institutions | 16.4% | 0.00 | |
Mutual Funds | 6.56% | 0.00 | |
Retail Investors | 4.68% | 0.00 | |
Others | 3.37% | 0.00 |
Technicals of Indus Towers Ltd share
News & Events of Indus Towers Ltd
Indus Towers Ltd (INDUSTOWER) share price today is ₹339.05
Indus Towers Ltd is listed on NSE
Indus Towers Ltd is listed on BSE
PE Ratio of Indus Towers Ltd is 15.39
PE ratio = Indus Towers Ltd Market price per share / Indus Towers Ltd Earnings per share
Today’s traded volume of Indus Towers Ltd(INDUSTOWER) is 75.33L.
Today’s market capitalisation of Indus Towers Ltd(INDUSTOWER) is ₹92961.85Cr.
Indus Towers Ltd(INDUSTOWER | Price |
---|---|
52 Week High | ₹366.55 |
52 Week Low | ₹141.6 |
Indus Towers Ltd(INDUSTOWER) share price is ₹339.05. It is down -7.50% from its 52 Week High price of ₹366.55
Indus Towers Ltd(INDUSTOWER) share price is ₹339.05. It is up 139.44% from its 52 Week Low price of ₹141.6
Indus Towers Ltd(INDUSTOWER | Returns |
---|---|
1 Day Returns | -5.9% |
1 Month Returns | -1.39% |
3 Month Returns | 57.62% |
1 Year Returns | 141.06% |