[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 […]
Vodafone Idea, Indus Towers shares in focus after Citi projects up to 77% upside – CNBC TV18
[ad_1] Brokerage firm Citi has opened a positive catalyst watch for a 90-day period on shares of Vodafone Idea Ltd. and Indus Towers Ltd. on Tuesday, April 1. The government will now become the largest shareholder of Vodafone Idea after it will convert its spectrum dues into equity. The equity conversion of ₹36,950 crore, will […]
Why are shares of Vodafone Idea and Indus Towers selling off on Wednesday? – CNBC TV18
[ad_1] Shares of Vodafone Idea Ltd. and Indus Towers Ltd. are among the worst performing stocks on the Nifty 500 index on Wednesday, March 12. While shares of Indus Towers are down 7%, those of Vodafone Idea are down 6%. Recent developments saw peers of Vodafone Idea, Jio Platforms and Bharti Airtel announcing tie-ups with […]
Indus Towers results boost hopes of a larger dividend payout from the company – CNBC TV18
[ad_1] The street is now getting increasingly hopeful of a big dividend announcement from Indus Towers Ltd. after a marked improvement in its financial performance from the December quarter. Company Value Change %Change The company’s profits and margins saw a jump compared to the same quarter last year due to the reversal of doubtful debts […]
Ambuja Cements, Sun Pharma, Indus Towers and Eicher Motors are analysts’ top buy choices for today – CNBC TV18
[ad_1] 1 / 7 Technical analyst Mitessh Thakkar of earningwaves.com share these top stock picks for the day. 2 / 7 Buy for a target price of ₹566 with a stop loss of ₹540 Analyst: Mitessh Thakkar of earningwaves.com at 9:15 am 3 / 7 Buy for a target price of ₹1,875 with a stop […]
Trade Setup for January 24: Nifty bulls aim to end week on a high by crossing 23,400? – CNBC TV18
[ad_1] On Thursday’s weekly expiry day, the Nifty 50 started on a subdued note, initially dipping before gaining positive traction within the first hour of trade and moving toward the 23,250 mark. However, the momentum faded in the second half as the index remained range-bound, slipping slightly from higher levels. Despite this, it managed to […]
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 […]
Vodafone Idea shares may jump 68% after major debt relief, Citi says – CNBC TV18
[ad_1] Global brokerage firm Citi has assigned a ‘Buy’ rating on Vodafone Idea Ltd., the debt-ridden telecom services provider, with a price target of ₹13 per share. This target for the stock implies a potential upside of 68% from Monday’s closing levels. Company Value Change %Change In a clear signal of its continued supportive stance […]
Indus Towers reduces contingent liability by ₹3,500 crore after ITAT ruling – CNBC TV18
[ad_1] Indus Towers Limited has secured a favorable ruling from the Income Tax Appellate Tribunal (ITAT) regarding the denial of depreciation on assets received during its merger with Bharti Infratel. The company’s announcement confirmed that the ITAT has ruled in its favour, dismissing the tax department’s objections to the depreciation claims on merged assets. This […]
Indus Towers inks power purchase agreement with JSW Group firm, to invest ₹38 crore – CNBC TV18
[ad_1] Telecom infrastructure provider Indus Towers on Thursday, December 12, signed a Power Purchase Agreement (PPA) with JSW Green Energy Eight Ltd, a special purpose vehicle (SPV) under the JSW Group. Company Value Change %Change The agreement involves procuring 130 MW of renewable energy from a solar photovoltaic (PV) plant under a captive model, Indus […]