Indus Towers Share Price Today on 04-11-2024: Indus Towers share price are down by -1.55%, Nifty down by -1.27%
Indus Towers Share Price Today on 04-11-2024: On the last trading day, Indus Towers opened at ₹345.5 and closed at ₹337.65. Throughout the day, the stock reached a high of ₹349.8 and a low of ₹335.5. This indicates a decline in the stock price by the end of the trading session.
Indus Towers Share Price Today on 04-11-2024: At 04 Nov 16:01 today, Indus Towers shares are trading at price ₹337.65, -1.55% down from the previous closing price. Sensex is trading at ₹78782.24, down by -1.18%. The stock has hit a high of ₹349.8 and a low of ₹335.5 during the day.
On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 344.11 |
| 10 | 350.44 |
| 20 | 364.85 |
| 50 | 397.01 |
| 100 | 394.78 |
| 300 | 336.97 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹346.1, ₹354.75, & ₹359.5, whereas it has key support levels at ₹332.7, ₹327.95, & ₹319.3.
Indus Towers Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Indus Towers was 82.65% 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's continued downtrend suggests a bearish trend is underway..
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 12.14 & P/B is at 3.16.
The median 1-year forecasted upside in this share is at 20.54% 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 -1.55% today to trade at ₹337.65 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 -1.27% & -1.18% each respectively.
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