Industower has been moving higher after the rumours of telecom policy and finally after the actual policy decision major buying seen with high volumes. We now see a major resistance level breakout today, Buy with targets of 353,432 & 500.
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.82 times
Healthy long term growth as Net Sales has grown by an annual rate of 27.65% and Operating profit at 34.04%
With a growth in Net Sales of 4.7%, the company declared Very Positive results in Jun 21
The company has declared positive results for the last 2 consecutive quartersNET SALES(Q) Highest at Rs 6,797.00 crPBDIT(Q) Highest at Rs 3,516.70 cr.PBT LESS OI(Q) Highest at Rs 1,820.10 cr.4
The technical trend has improved from Sideways on 14-Sep-21 and has generated 16.27% returns since then Multiple factors for the stock are Bullish like MACD, Bollinger Band
With its market cap of Rs 73,693 cr, it is the biggest company in the sector and constitutes 60.83% of the entire sector
Its annual Sales of Rs 19,115.90 are 54.63% of the industry.
Industower low debt exposure to telecom and largecap for comfort
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