Espresso shot of the day – Indus Towers Ltd up by 7.82 percent

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Espresso shot of the day – Indus Towers Ltd up by 7.82 percent

September 07, 2021
Espresso shot of the day – Indus Towers Ltd up by 7.82 percent

INDUS TOWERS LTD 241.40 (+7.82%) BSE – INE121J01017 | 7TH SEPTEMBER 2021


Indus Towers Limited was formed by the merger of Bharti Infratel Limited and Indus Towers. This combined strength makes Indus one of the largest telecom tower companies in the world. Enabling communication for millions of people daily, Indus will continue to provide affordable, high-quality and reliable services for the growing network connectivity needs of India. Indus Towers Limited has over 1,80,997 towers and 3,25,355 co-locations (as on June 30, 2021) and a nation-wide presence covering all 22 telecom circles. Indus’ leading customers are Bharti Airtel (together with Bharti Hexacom), Vodafone Idea Limited and Reliance Jio Infocomm Limited, which are the leading wireless telecommunications service providers in India by revenue. The company is committed to truly living its credo of Putting India First and Connecting Lives Across the Nation.

Recent Drivers

  • On Aug 17, 2021, heavy rains, cloud bursts, landslides and floods hit areas across multiple states in various parts of India. Indus Towers ensured that connectivity through its towers remained strong even when accessibility and maintenance of mobile tower sites was a challenge.
  • On July 30, 2021, Indus Towers reported quarterly net profit at Rs 1,415.3 crores in June 2021, up 101.15% from Rs 703.60 crores in June 2020.
  • On July 30, 2021, Indus Towers reported net sales at Rs 6,797 crores in June 2021, up 315.62% from Rs 1,635.4 crores in June 2020.
  • On June 21, 2021, ICRA Limited has reaffirmed and withdrawn the issuer rating of [ICRA]AA Plus (Stable) assigned to the company and has been reaffirmed at [ICRA]AA Plus (Stable)/ [ICRA]A1 Plus, as applicable.
(Sources: Business Standard, Money Control, BSEIndia.com)


Technical Force*

  • S&P BSE 100 month till date gain up by -0.12%
  • Spurt in volume by more than 7.76 times compared to previous vol. | 3 months avg. volume: 2,96,667
  • Quantity traded: 14,59,516 | Deliverable quantity: 5,96,997 (40.9%)
  • Stock price has jumped more than 45% from one-year-low level: 161.3 (Sept 24, 2020)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week high: 282 | 52-week low: 161.3

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 422.42

340.48

285.12

203.18

147.82

65.88

10.52

    -

Fibonacci Pivot

340.48

288.03

255.63

234.76

203.18

171.60

150.73

118.33

65.88


Today’s Close

241.40

SMA

BSE

10 DAY

221.15

20 DAY

218.42

50 DAY

225.23

200 DAY

241.59


Some Key Ratios (Source: BSE)

Market Cap: 65,055.78 crores

PE: 16.55

OPM%: 52.58

ROE%: 24.73

Promoters holding%: 69.85

Prev. Close: 223.9

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.