Indus Towers Ltd (INDUSTOWER)

Indus Towers Sees Potential Upside as Telecom Tower Companies Seek Industrial Tariffs - 22 Jul, 2024

Indus Towers could see significant growth with telecom tower companies seeking industrial electricity tariffs for telecommunication infrastructure across all states. Additionally, Citi has set a price target of ₹500 per share, indicating a potential upside of nearly 22%.

Globe Capital Gives Buy Call on Indus Towers with 27% Upside - 19 Jul, 2024

Indus Towers, one of India's largest telecom tower companies, has been given a buy call by Globe Capital with a target price of ₹515, implying an upside of 27%. The company offers infrastructure sharing services to wireless telecommunication providers under long-term contracts and is backed by the Bharti Group.

Indus Towers Expects High Capex Intensity Amidst Aggressive Rollouts by Bharti Airtel and Vodafone Idea - 18 Jul, 2024

Indus Towers expects capex intensity to remain high in the current financial year due to aggressive rollouts by Bharti Airtel and Vodafone Idea. Despite competition, Indus remains optimistic about its fair share in VIL's expansion with its pan-India tower portfolio, good footprint in past VIL radio frequency planning, and strong execution track record.

Indus Towers Installs Over 60% of New Towers in Rural India - 11 Jul, 2024

Indus Towers has installed over 60% of its new towers in rural India, contributing to the country's digital transformation. With a portfolio of about 220,000 telecom towers across all 22 circles, Indus Towers is one of the largest tower infrastructure providers in India.

Indus Towers Shares Surge Despite Sell Call by ICICI Securities - 05 Jul, 2024

Despite ICICI Securities' sell call and target price of Rs 270, Indus Towers Ltd's shares have surged 31% in the last month. The company reported a net profit after tax of Rs 1853.10 crore in the latest quarter and has a P/E ratio of 18x, which investors remain bullish about.

Indus Towers Rental Revenue Expected to Rise - 03 Jul, 2024

Indus Towers is expected to see a slight increase in rental revenue due to higher loading revenue from 5G rollout and single tenancy towers, offsetting the adverse impact of equalisation/renewal. However, EBITDA and net profit are expected to decline QoQ.

Indus Towers Faces Trading Restrictions; Vodafone May Sell Stake - 02 Jul, 2024

Indus Towers has been placed on the NSE's F&O ban list for July 2, while Vodafone is reportedly in talks to sell its remaining 3.1% stake in the tower company to Bharti Airtel.

Indus Tower Stock Outlook Turns Bullish - 01 Jul, 2024

The outlook on the telecom sector has turned bullish, with HNIs holding onto their positions in Indus Tower and some adding to them during a recent block deal. IIFL Securities raised its target price for Indus Towers due to tariff hikes.

Indus Tower Among Top Picks for July Series - 30 Jun, 2024

Religare Broking has identified Indus Tower as one of the top picks for the July series, with a 6% rise and substantial OI growth in June. The stock is expected to see new highs, making it an attractive option for creating fresh longs.

Indus Towers Stock Breaks Out Above Resistance Mark - 29 Jun, 2024

Indus Towers' stock has broken out above its recent swing high resistance mark and is showing potential for upside targets of 400 and above. The company's respectable ROE and moderate net income growth over the past five years add context to its current growth rate.

Indus Towers Breaks Out of Consolidation, Scales 52-Week High - 28 Jun, 2024

Indus Towers' stock has broken out of a large consolidation and is attempting to surpass its peak for the current month. The company scaled a 52-week high on BSE alongside other leading Indian telecom firms raising mobile plan tariffs. Yes Securities recommends buying Indus Towers.

Indus Towers Sees Buy Rating from CITI Amidst Divestment and Investment News - 26 Jun, 2024

After Vodafone Group's divestment of its stake in Indus Towers for Rs 17,980 crore, it plans to invest up to Rs 3,000 crore in Vodafone Idea. Meanwhile, CITI has given Indus Towers a buy rating with a target price of ₹450, citing the possibility of dividend resumption and potential corporate actions.

Ambit Capital Upgrades Ratings for Vodafone Idea and Indus Towers to Buy - 25 Jun, 2024

Ambit Capital has upgraded its ratings for Vodafone Idea (VI) and Indus Towers to BUY, citing several key factors that bolster their investment cases. VI's planned network expansion is projected to directly benefit Indus Towers, which is expected to exhibit greater financial discipline as Airtel becomes the sole promoter of the company. Ambit Capitals analysis underscores the potential revival of Vodafone Idea through government support and strategic funding.

Indus Towers Shares Rise on Reports of Airtel's Stake Purchase Talks - 24 Jun, 2024

Shares of Indus Towers, Vodafone Idea, and Bharti Airtel rose after reports emerged that Airtel is in talks with Vodafone Group PLC to buy a 3% stake in Indus Towers.