Indus Towers Ltd Share Price (INDUSTOWER)

Indus Towers Expects Payment of Dues from Vodafone Idea - 17 Apr, 2024

Indus Towers is expecting Vodafone Idea to clear all its dues in one go, which amounts to around Rs 5,700 crore. If Vi expands its network, Indus's growth outlook will improve.

Indus Towers Expects Dues Clearance from Vodafone Idea - 16 Apr, 2024

Indus Towers is optimistic about Vodafone Idea clearing its outstanding dues. The company's future growth depends on successful tenancy additions, efficient tower management, and timely resolution of dues.

Indus Towers Ltd down 1.8% on BSE Telecom index - 10 Apr, 2024

Indus Towers Ltd lost 1.8% to trade at Rs 321.9, while the S&P BSE Telecommunication index is down 0.06%. The stock has added 30.22% over last one month compared to a 5.28% gain in the index.

Indus Towers Shares Gain Over 60% - 08 Apr, 2024

Indus Towers' shares have gained over 60% in the first four months of 2024 due to reduced receivables from Vodafone Idea and a strong post-fund raising performance. Brokerage firm CLSA has upgraded the stock and raised its price target to ₹335. The company is also likely to be added to the MSCI Global Standard Index.

Indus Towers' Shares Gain Following Fundraising Approval - 03 Apr, 2024

Indus Towers' shares gained after CLSA raised its price target to ₹335 per share from ₹256 earlier, citing the company's potential growth and ability to settle past dues with payments from Vodafone Ideas fund raising. The brokerage maintained its Accumulate recommendation on the stock.

Indus Towers Stock Surges Ahead of Vodafone Idea EGM - 01 Apr, 2024

Shares of Indus Towers surged 8% ahead of Vodafone Idea's EGM. CLSA raised its price target on the stock to ₹335 per share from ₹256 earlier, maintaining an accumulate rating. The de-rating for Indus Towers is reversing and consolidation in the tower sector is positive.

Indus Tower Appoints Anil Gupta as CTDO - 29 Mar, 2024

Anil Gupta, the current chief supply chain management officer of Indus Tower, has been appointed as the company's new Chief Technology and Delivery Officer (CTDO). The change in reporting structure means that the current CTO, R Ramanujam, will no longer be part of senior management personnel.

Indus Towers' Net Debt Reduced to Rs 45.8b - 27 Mar, 2024

Indus Towers had a net debt of Rs 45.8b with a low net debt to EBITDA ratio of only 0.39 and its EBIT covers interest expense 10.7 times over. The balance sheet is the area to focus on when analyzing debt.

Indus Towers Stock Rallies Amid American Towers Decision - 26 Mar, 2024

Indus Towers stock rallies as American Towers' decision to convert Vodafone Idea OCDs into equity strengthens the possibility of Indus Towers recovering dues from Vodafone Idea. Citi maintains a buy call on Indus Towers with a target of Rs 320.

Indus Towers Emerges as Top Gainer in F&O Space - 25 Mar, 2024

Indus Towers Ltd witnessed an 8.4% rise to Rs 271, its highest closing level since January 17, 2022, and formed a robust bullish candlestick pattern on the daily timeframe with above-average volumes after recent consolidation. The stock is trading above all key moving averages, signaling a positive outlook.

Technical Analysis Suggests Favorable Risk-Reward Ratio for Indus Towers - 21 Mar, 2024

According to anchor VWAP study and chart structure analysis, the risk-reward ratio looks favorable on the short side for Indus Towers Ltd. Negative technical structure and weak market sentiment may bring in some weakness in the counter.

Indus Towers Ltd registers 1.65 fold spurt in volume - 20 Mar, 2024

Indus Towers Ltd registered a volume of 6.51 lakh shares, a 1.65 fold spurt over two-week average daily volume of 3.95 lakh shares. The stock rose 2.98% to Rs.245.10.