Indus Tower tanks 8% on heavy volume; stock nears 52-week low

The stock traded close to its 52-week low of Rs 194.25 touched on August 5, 2021.

Shares of Indus Tower slipped 8 per cent to Rs 196.55 on the BSE in Friday’s intra-day trade amid heavy volume. The stock of telecom infrastructure provider traded close to its 52-week low of Rs 194.25 touched on August 5, 2021.  The stock had hit a 52-week high of Rs 332.60 on September 28, 2021.

At 02:11 pm; Indus Tower traded 6 per cent lower at Rs 200, as compared to a 0.8 per cent decline on the S&P BSE Sensex. The trading volume at the counter more-than-doubled with a combined 5.4 million equity shares changing hands on the