Indus Towers Ltd

(INDUSTOWER)

Indus Towers Faces Significant Share Price Drop - 19 Sep, 2024

Indus Towers shares fell sharply, hitting a 10% lower circuit after the Supreme Court upheld AGR dues. Analysts express concerns over Vodafone Idea's payment delays, impacting Indus Towers negatively.

Indus Towers Faces Challenges Amid Market Consolidation - 16 Sep, 2024

Indus Towers is facing an underperform call with a target of ₹310/share as competition intensifies with 2-3 players consolidating. Brookfield's acquisition of American Towers India may impact Indus, especially if Vodafone-Idea continues to lose market share, potentially leading to peak earnings in FY24.

DIT Surpasses Indus Towers as Largest Mobile Tower Firm - 13 Sep, 2024

Data Infrastructure Trust has acquired American Tower Corporation's operations in India, becoming the largest mobile tower company with 257,000 telecom sites, surpassing Indus Towers.

Indus Towers Expands IoT and Tower Infrastructure - 12 Sep, 2024

Indus Towers is significantly investing in IoT capabilities to monitor power consumption and has expanded its infrastructure by adding 26,000 to 27,000 towers last year, marking a substantial increase in growth and digital transformation.

JPMorgan Upgrades Indus Towers Rating and Price Target - 11 Sep, 2024

JPMorgan upgraded Indus Towers to overweight and raised the target price by 47% to ₹500, indicating a 17% upside. The stock has gained over 110% YTD, outperforming Nifty 50's 15% rise.

Indus Towers Faces Downgrade and Share Price Decline - 06 Sep, 2024

Indus Towers shares experienced significant declines following a downgrade by Goldman Sachs to Sell, despite a target price increase. Concerns over valuation and growth prospects were highlighted, leading to a drop of over 6% in share price on the same day.

Indus Towers Gains on CLSA's Positive Outlook - 05 Sep, 2024

Indus Towers shares rose by up to 2% following CLSA's 'outperform' rating with a target price of Rs 575. The brokerage highlighted benefits from the expanding tower base of major telecom players.

Indus Towers Shows Positive Uptrend Signals - 02 Sep, 2024

Indus Towers is trending within a medium-term rising channel, recently finding support and indicating a continuation of the uptrend. The stock is above the 12-week SMA, and the Weekly RSI has generated a buy signal, suggesting potential upside to Rs 490-505 levels.

Indus Towers Target Price Set by Brokerage - 30 Aug, 2024

Citi highlights potential indirect benefits for Indus Towers from telecom developments. A brokerage sets a target price of Rs 465 with an entry price of Rs 454.

Vodafone Idea Developments May Impact Indus Towers - 29 Aug, 2024

Recent developments with Vodafone Idea could indirectly benefit Indus Towers, now a subsidiary of Bharti Airtel, though the impact may be limited, according to Citi.

Indus Towers Initiates Major Share Buyback Program - 28 Aug, 2024

Indus Towers began a buyback of 56.7 million shares at Rs 465 each, totaling Rs 2,639.9 crore. This move increases Bharti Airtel's stake to over 50%, making Indus Towers a subsidiary. The company reported a 42% profit increase for Q1 FY24.

BofA Maintains Buy Rating on Indus Towers - 27 Aug, 2024

BofA has reaffirmed a buy rating on Indus Towers with a target price of Rs 490, citing strong fundamentals and potential for growth through new contracts and market expansion.

Indus Towers Breaks Resistance with Strong Momentum - 21 Aug, 2024

Indus Towers has broken above the AVWAP resistance level of Rs 427, with an RSI of 59 indicating strong momentum. Increased trading volumes suggest strength, with potential upside targets of Rs 452.50. A stop loss at Rs 419 is recommended to manage risk.