Indus Towers Ltd Share Price (INDUSTOWER)

Bharti Airtel Stalls Talks for Indus Towers Stake Acquisition - 24 Apr, 2024

Bharti Airtel is seeking to increase its stake in Indus Towers, but discussions have stalled due to disagreements over valuation. Meanwhile, Indus Towers has experienced significant growth in returns on capital employed. The stock declined 3% after Airtel dismissed rumors of acquiring a stake.

CLSA Upgrades Indus Towers to Buy; Target Price Raised to Rs. 450 - 23 Apr, 2024

Brokerage firm CLSA has upgraded Indus Towers to buy and raised its target price to Rs. 450 per share, citing Vodafone Idea's fundraising as a key benefit. The stock gained nearly 4% at open on April 23rd. ICICI Securities recommends selling Indus Tower with a target price of Rs. 260 due to elevated capex intensity for FY25E and FY26E.

Indus Towers Signs MoU for Renewable Energy Expansion - 22 Apr, 2024

Indus Towers signed an MoU with NTPC Green Energy to expand its renewable energy portfolio and achieve net zero commitments. Shares fell slightly after the announcement. Improved financial health of Vodafone Idea could also benefit Indus Towers.

Indus Towers Signs MoU for Renewable Energy Projects; Upgraded to Buy by IIFL Securities - 19 Apr, 2024

Indus Towers is set to expand its renewable energy portfolio and has signed an MoU with NTPC Green Energy. Analysts believe that the successful fundraising of Vodafone Idea will benefit Indus Towers. The stock rallied 4% on Friday and is likely to be included in the MSCI Global Standard index in May.

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.