Sell Indus Towers, target price Rs 270: ICICI Securities

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13.07.2024 - 02:42

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economictimes.indiatimes.com:

Indus Towers with a target price of Rs 270. The current market price of Indus Towers Ltd. is Rs 398.4.

Indus Towers Ltd., incorporated in the year 2006, is a Large Cap company (having a market cap of Rs 108888.93 Crore) operating in Telecommunications sector.

Indus Towers Ltd. key Products/Revenue Segments include Income from Infrastructure Activity for the year ending 31-Mar-2023.

Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 7638.60 Crore, up 4.67 % from last quarter Total Income of Rs 7297.90 Crore and up 11.20 % from last year same quarter Total Income of Rs 6869.00 Crore. Company reported net profit after tax of Rs 1853.10 Crore in latest quarter.

Promoter/FII Holdings Promoters held 69.0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 16.4 per cent, DIIs 9.9 per cent.

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