Indus Towers Share Price Today on 08-11-2024: On the last trading day, Indus Towers opened at ₹341.95 and closed at ₹326.15. The stock reached a high of ₹341.95 and a low of ₹324 during the day.
Indus Towers Share Price Today on 08-11-2024: At 08 Nov 16:01 today, Indus Towers shares are trading at price ₹326.15, -3.93% down from the previous closing price. Sensex is trading at ₹79486.32, down by -0.07%. The stock has hit a high of ₹341.95 and a low of ₹324 during the day.
On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as
well as longer term moving averages of 50, 100 & 300 days.
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹336.27, ₹346.53, & ₹352.42, whereas it has key support levels at ₹320.12, ₹314.23, & ₹303.97.
Indus Towers Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Indus Towers was 21.75% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company has a ROE of 25.07% & ROA of 11.78% respectively.The current P/E of the stock is at 12.11 & P/B is at 3.15.
The median 1-year forecasted upside in this share is at 24.79% with a target price of ₹407.00.
The company has a 0.00% promoter holding, 3.44% MF holding, & 24.19% FII holding as per filings in the september quarter.
The MF holding has decreased from 3.67% in june to 3.44% in the september quarter.
The FII holding has decreased from 24.54% in june to 24.19% in the september quarter.
Indus Towers share price down -3.93% today to trade at ₹326.15 while its peers are mixed. Its peers such as Macrotech Developers, Rail Vikas Nigam, Godrej Properties, Oberoi Realty are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.21% & -0.07% each respectively.