There was a bullish start in the stock market on Tuesday but there was selling in the market from upper levels and Nifty fell 300 points from its day high of 21750 and started trading at 21448.
₹217 Dark Horse Share Started Gaining Momentum; ₹300 Target; Will You Buy?
The morning’s gains in the market ended by afternoon and it appeared to be under selling pressure. Meanwhile, the stock market expert said that such time will keep coming into the market.
A well-known market expert also said that he had already advised to stay away from real estate company shares. He said that however, the market structure looks good in the long term.
The well-known market expert said about a stock Indus Towers Ltd (NSE: INDUSTOWER) that he has been recommending to buy since last month when it was at a very low price but it can still be bought for a target of Rs 300.
It is noteworthy that the shares of Indus Tower Limited have increased by 19 percent in the last month.
Even in Tuesday’s trading session, this stock was trading at the level of Rs 217.70.
The market expert said that this stock is moving at its own pace and has just started gaining momentum, in the future, it can go up to Rs 300. He said that this stock would prove to be a dark horse.
The 52-week high price of Indus Tower is 229.95, near which it can reach soon. Once this 52-week high is broken then a new upside rally can be seen in this stock.
This company with a market cap of Rs 58,534 Cr has given a return of 30 percent to its investors in the last six months.
About Indus Towers Ltd
Indus Towers Limited in India is the top service provider for passive infrastructure in the telecom industry.
It builds, owns, and operates telecom towers as well as communications structures for a variety of mobile operators.
It’s in the the purpose of, among other things installing operating, and maintaining communications towers that are wireless.
It is among the biggest providers of tower infrastructure in the nation. The company makes the vast majority of its profits in India.
Fundamental Analysis of Indus Towers Ltd
| Market Cap | ₹ 58,534 Cr. |
| Current Price | ₹ 217 |
| 52-wk High | ₹ 230 |
| 52-wk Low | ₹ 135 |
| Stock P/E | 16.2 |
| Book Value | ₹ 87.9 |
| Dividend | 0.00 % |
| ROCE | 11.3 % |
| ROE | 9.71 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.47 |
| OPM | 41.5 % |
| EPS | ₹ 12.4 |
| Debt | ₹ 20,704 Cr. |
| Debt to Equity | 0.87 |
Indus Towers Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹232 | ₹310 |
| 2025 | ₹355 | ₹425 |
| 2026 | ₹432 | ₹512 |
| 2027 | ₹540 | ₹605 |
| 2028 | ₹640 | ₹704 |
| 2029 | ₹715 | ₹800 |
| 2030 | ₹825 | ₹960 |
Indus Towers Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 68.99% |
| Mar 2023 | 68.99% |
| June 2023 | 68.99% |
| Sept 2023 | 68.99% |
| Dec 2023 | 68.99% |
| FII Holding | |
| Dec 2022 | 26.60% |
| Mar 2023 | 26.62% |
| June 2023 | 23.94% |
| Sept 2023 | 21.41% |
| Dec 2023 | 20.71% |
| DII Holding | |
| Dec 2022 | 2.87% |
| Mar 2023 | 2.47% |
| June 2023 | 4.51% |
| Sept 2023 | 6.69% |
| Dec 2023 | 7.08% |
| Public Holding | |
| Dec 2022 | 1.50% |
| Mar 2023 | 1.89% |
| June 2023 | 2.53% |
| Sept 2023 | 2.90% |
| Dec 2023 | 3.18% |
| Others Holding | |
| Dec 2022 | 0.01% |
| Mar 2023 | 0.03% |
| June 2023 | 0.02% |
| Sept 2023 | 0.01% |
| Dec 2023 | 0.04% |
Indus Towers Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 6,826 Cr |
| 2020 | ₹ 6,743 Cr |
| 2021 | ₹ 13,954 Cr |
| 2022 | ₹ 27,717 Cr |
| 2023 | ₹ 27,726 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,494 Cr |
| 2020 | ₹ 3,299 Cr |
| 2021 | ₹ 3,779 Cr |
| 2022 | ₹ 6,373 Cr |
| 2023 | ₹ 3,334 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0.18 |
| 2021 | 0.44 |
| 2022 | 0.25 |
| 2023 | 0.22 |
Last 10 Years’ Profit Growth:
| 10 Years: | 8% |
| 5 Years: | -4% |
| 3 Years: | -11% |
| Current Year: | -24% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 16% |
| 5 Years: | 20% |
| 3 Years: | 21% |
| Last Year: | 10% |
Sales Growth Over 10 Years:
| 10 Years: | 11% |
| 5 Years: | 34% |
| 3 Years: | 61% |
| Current Year: | -4% |
Conclusion
This article is a complete guide about Indus Towers Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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