India's Indus Towers gains as Citi says stock a 'buying opportunity'
ReutersDec 3, 2025 5:54 AM
Shares of mobile tower operator Indus Towers INUS.NS rise 2.2% to 410.60 rupees
Stock hits its highest level in more than two weeks
Citi says stock offers compelling buying opportunity, boosted by remarks from telecom minister Jyotiraditya Scindia regarding AGR relief for INUS client Vodafone Idea VODA.NS
Scindia's comments instill confidence and alleviate uncertainty surrounding the timing & contours of the govt's relief package for VODA - Citi
Brokerage maintains PT of 500 rupees, reiterates "high-conviction buy" rating
INUS rated "buy" on avg by 21 brokerages; median PT at 426 rupees - as per data compiled by LSEG
YTD, Indus Towers up about 20%
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