Indus Towers shares up 0.19% as Nifty drops

Shares of Indus Towers Ltd. gained 0.19 per cent to Rs 186.75 in Friday’s trade. It hit a high of Rs 188.65 and low of Rs 186.55 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 202.61, while the 50-DMA was at Rs 194.03. 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.