Indus Towers Ltd (INDUSTOWER)

Indus Towers Included in MSCI Global Standard Index - 14 May, 2024

Indus Towers is set to be included in the MSCI Global Standard index along with PB Fintech Ltd, Phoenix Mills, and Sundaram Finance. This move may result in over $200 million in passive inflows for each of these stocks.

Indus Towers Signs Pacts for Renewable Energy Projects - 08 May, 2024

Indus Towers has signed an initial pact and a memorandum of understanding with NTPC Green Energy to develop grid-connected renewable energy projects, including solar and wind power. The move is part of Indus Tower's net-zero commitments.

Indus Towers Reports Positive Earnings; Target Price Raised by BofA Securities - 03 May, 2024

Indus Towers reported positive full-year earnings, with revenues of ₹286b in line with analyst predictions and a statutory profit of ₹22.40 per share. BofA Securities raised the target price to Rs 410 due to Vodafone Idea's improving cash flows and new tenancies.

Indus Towers Reports Strong Q4 Results Amid Analyst Downgrade - 02 May, 2024

Indus Towers reports a strong Q4 with significant YoY revenue and profit increases. JP Morgan downgrades stock but raises target price. Elevated capex leads to skipped dividend payout. Indus Towers expects Vodafone Idea to clear dues soon.

Indus Towers Reports Strong Financial Results and Expects New Growth Opportunities - 01 May, 2024

Telecom infrastructure company Indus Towers reported strong Q4 results with a 32% YoY increase in net profit and 6.5% YoY growth in revenue from operations. For FY24, the company posted close to a three-fold jump in consolidated profit. Additionally, Indus Towers is optimistic about new growth opportunities with Vodafone Idea's improving financial situation post FPO.

Indus Towers Reports Strong Q4 Results - 30 Apr, 2024

Telecom infrastructure company Indus Towers reported a 32% jump in its consolidated net profit for Q4 FY24. The tower company's revenue from operations grew 6.5% YoY to Rs 7,193.2 crore during the quarter. For the fiscal year ended March 31, 2024, Indus Towers posted close to a three-fold jump in consolidated profit to Rs 6,036.2 crore.

Mixed Outlook for Indus Towers Ltd Stock - 29 Apr, 2024

Indus Towers' stock outlook is mixed as Motilal Oswal Asset Management's CIO holds it in his portfolio while Kotak Institutional Equities downgraded it to reduce. The former expects a full migration to 4G/5G within the next few years, while the latter cites concerns over long-term revival plans being dependent on the government. Kotak also slashed its target price by almost 4%.

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.