Indus Towers shares closed at ₹332.25 on December 26, 2024, reflecting a slight dip of 0.29% from the previous closing price of ₹333.20. While the day’s movement might seem minor, the stock’s performance offers plenty of insights for investors looking to understand the trends, both short- and long-term.
Key Market Highlights
| Metrics | Details |
|---|---|
| Closing Price | ₹332.25 (-0.29%) |
| Day’s Range | ₹331.40 – ₹335.95 |
| Market Capitalization | ₹87,986.73 Cr |
| 52-Week High/Low | ₹460.70 / ₹182.50 |
| BSE Volume | 116,729 shares |
Performance Insights
- 52-Week Trends: The stock has fluctuated significantly, trading between ₹182.50 and ₹460.70. This wide range reflects market volatility and investor sentiment shifts over the year.
- Recent Day Trends:
- The share price touched a high of ₹335.95 and a low of ₹331.40.
- The closing price remained below the 5-day moving average of ₹340.90, suggesting bearish short-term momentum.
- Technical Indicators:
- Support Levels: Key support points are ₹330.78, ₹328.77, and ₹326.13.
- Resistance Levels: Watch for resistance at ₹335.43, ₹338.07, and ₹340.08.
| Moving Averages | Value |
|---|---|
| 5-Day | ₹340.90 |
| 10-Day | ₹347.05 |
| 50-Day | ₹348.77 |
| 100-Day | ₹382.13 |
Shareholding Pattern
Indus Towers has shown slight changes in its investor composition:
- Mutual Funds: Increased from 12.29% to 12.96%.
- Foreign Institutional Investors (FIIs): Reduced from 24.54% to 24.19%.
Growth Metrics
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 25.07% (Last Fiscal Year) |
| Return on Investment (ROI) | 14.35% (Last Fiscal Year) |
| Earnings Per Share (EPS) | 8.55% Growth (3 Years) |
| Revenue Growth | 27.02% (3 Years) |
The company projects a 6.57% revenue growth and 11.55% profit growth for Q3 FY24, indicating steady operational improvements.
Peer Comparison
| Company | Latest Price | % Change | 52W High/Low | Market Cap (₹ Cr) |
|---|---|---|---|---|
| Indus Towers | ₹332.25 | -0.29% | ₹460.7 / ₹182.5 | ₹89,539.28 |
| Macrotech Developers | ₹1410.65 | +0.61% | ₹1648.0 / ₹921.5 | ₹1,40,282.97 |
| Rail Vikas Nigam | ₹427.65 | -0.21% | ₹647.0 / ₹175.65 | ₹89,165.88 |
| Oberoi Realty | ₹2330.0 | +1.74% | ₹2341.0 / ₹1268.0 | ₹84,718.80 |
Indus Towers, despite its decline, maintains a competitive edge due to its substantial market capitalization and operational growth metrics.
Analyst Ratings and Future Outlook
| Rating | 1 Week Ago | 1 Month Ago | 3 Months Ago |
|---|---|---|---|
| Strong Buy | 3 | 3 | 3 |
| Buy | 6 | 7 | 6 |
| Hold | 6 | 5 | 4 |
| Sell | 1 | 2 | 2 |
| Strong Sell | 4 | 4 | 4 |
- Median Price Target: ₹385.00 (15.88% above current price).
- High Target: ₹575.00
- Low Target: ₹280.00
While analysts hold a “Hold” rating, the potential for upside in the next year remains strong.
Final Thoughts for Investors
Indus Towers’ share price shows moderate bearish trends in the short term. However, strong fundamentals, growth metrics, and future projections make it a stock to watch. Investors are advised to monitor support and resistance levels and align with long-term market trends before making decisions.
Disclaimer
This article is for informational purposes only. It does not constitute financial advice. Always consult a certified financial advisor before making investment decisions.