[ad_1] Shares of Bharti Hexacom Ltd. will be in focus on Friday, April 11, after the company temporarily halted its deal to sell 3,400 towers to Indus Towers for ₹1,134 crore. This is after intervention by Govt of India entity by Telecommunications Consultants India Limited (TCIL), which owns a 15% stake in the company. The […]
Indus Towers Share Price: CLSA adds another stock to its ‘high-conviction outperform’ list – CNBC TV18
[ad_1] Shares of Indus Towers Ltd. will be in focus during Friday’s trading session after global brokerage firm CLSA added the stock to its “high-conviction outperformance” list. Company Value Change %Change CLSA maintained its “outperform” rating on Indus Towers, with a price target of ₹575 per share. Notably, this is the first time Indus Towers […]
How much dividend can Indus Towers pay shareholders post clearing of its dues? – CNBC TV18
[ad_1] Analysts who have coverage on tower company Indus Towers Ltd. believe that the company can pay a special dividend to its shareholders once its past dues are cleared by Vodafone Idea. Company Value Change %Change Vodafone Plc will be selling its remaining 3% stake in Indus Towers through a block deal and the proceeds […]
Indus Towers shares poised for a 50% upside based on these positive triggers: Citi – CNBC TV18
[ad_1] Shares of Indus Towers Ltd. were trading with gains of as much as 3% on Tuesday, November 19. Global brokerage firm Citi has maintained a ‘Buy’ recommendation on the stock, with a price target of ₹485 per share. The price target implies a potential upside of over 50% from Monday’s closing levels. Indus Tower’s […]
Indus Towers’ doubtful receivables from Vodafone Idea decline for second quarter in a row – CNBC TV18
[ad_1] Indus Towers said that telecom services provider Vodafone Idea Ltd. has been making payments equivalent to the monthly billing amount since January 2023. As of now, Vodafone Idea has paid ₹2,328 crore towards outstanding dues, including ₹1,028 crore for the quarter ending September 2024. Indus Towers continues to recognise revenue for the services provided […]
Indus Towers multiples may see de-rating, special dividend chances fall, says this analyst – CNBC TV18
[ad_1] Global brokerage firm BofA Securities has assigned a ‘Buy’ recommendation on Indus Towers but lowered the target price from ₹490 per share to ₹450 per share. The price target ascribed by BofA Sec, implies a potential upside of nearly 15% from the stock’s closing levels on Thursday. The brokerage wrote in its note that […]
Indus Towers shares in 10% lower circuit: How does the Vodafone Idea setback impact the company – CNBC TV18
[ad_1] Shares of Indus Towers Ltd. are locked in a 10% lower circuit on Thursday, marking their biggest single-day drop since June 4. The share decline followed the Supreme Court ruling in the Adjusted Gross Revenue (AGR) case. The apex court upheld the AGR ruling against the telecom companies and upheld the quantum of the […]
Indus Towers Buyback — Find out when can investors tender their shares – CNBC TV18
[ad_1] Shares of Indus Towers Ltd. are in focus during Tuesday’s trading session after the company announced the timeline for its earlier announced buyback of equity shares. Indus Towers’ ₹2,640 crore share buyback will open on Wednesday, August 14 and close on August 21, the company informed the exchanges. Here is the timeline of […]