Indus Towers shares fall 0.31% as Nifty drops

Shares of Indus Towers Ltd. slipped 0.31 per cent to Rs 243.65 in Monday’s trade. It hit a high of Rs 246.8 and low of Rs 243.0 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 232.16, while the 50-DMA was at Rs 249.53. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.