Indus Towers shares tumble 7% as Q4 profit dips; results breakdown here

Shares of Indus Towers fell over 7 per cent on Friday, even as the broader market rallied, after the telecom firm reported a 4 per cent year-on-year (Y-o-Y) decline in the March quarter profit.

The telecom infrastructure company’s stock fell as much as 7.2 per cent during the day to ₹378.65 per share. The stock pared losses to trade 5.3 per cent lower at ₹386.4 apiece, compared to a 0.25 per cent advance in Nifty50 as of 11:28 AM. The stock is currently at the lowest level since April 17 this year.