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The Economic Times

LTIMindtree, Indus Towers among 5 stocks with short buildup

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment.

CNBC TV18

Indus Towers multiples may see de-rating, special dividend chances fall, says this analyst

BofA Securities noted the possibility of multiple de-ratings of valuations, and they see a lower possibility of a lump sum payment or any special dividend in the near term.

CNBC TV18

Indus Towers clarifies on share price drop following Supreme Court's AGR plea dismissal

On Thursday (September 19), shares of Indus Towers plunged 8.86% to ₹389.65, with an intra-day low of ₹366.30, a 14.32% drop.

Business Standard

Vodafone Idea Ltd leads losers in 'A' group

Indus Towers Ltd, Chambal Fertilisers & Chemicals Ltd, IIFL Finance Ltd and Nava Ltd are among the other losers in the BSE's 'A' group today, 19 September 2024.

Business Line

Supreme court rejects telcos' plea on dues owed to govt; Vodafone Idea, Indus Towers shares slide

Shares of Vodafone Idea and Indus Towers slumped around 15% each after the news, while Bharti Airtel briefly turned negative

The Economic Times

Indus Towers shares fall 13% after SC rejects re-computation in AGR case

Indus Towers Share Price: Indus Towers' shares dropped 10% to their day's low of Rs 366.30 on the BSE after the Supreme Court upheld its ruling on the Adjusted Gross Revenue (AGR) case, rejecting telecom companies' requests for a re-computation and affirming the full AGR demand.

CNBC TV18

Indus Towers shares in 10% lower circuit: How does the Vodafone Idea setback impact the company

In a note on September 6, global brokerage firm Goldman Sachs had downgraded Indus Towers to 'Sell' from its earlier rating of 'Neutral' citing that the re-rating for the stock is 'overdone'.

Business Standard

Stocks To Watch: HAL, Puravankara, Airtel, IRCTC, Indus Towers

Stocks to Watch: DIT's acquisition of American Tower Corporation's operations in India, has made it the largest mobile tower company in the country, ahead of Indus Towers.

Business Standard

DIT pips Indus Towers to become India's largest mobile tower company

Data Infrastructure Trust on Thursday said it has pipped Indus Towers to become India's largest mobile tower company after acquiring American Tower Corporation's operations in the country. Data Infrastructure Trust (DIT) is backed by Brookfield Asset Management along with affiliates of investors including British Columbia Investment Management Corporation (BCI) and GIC. The firm acquired 100 per cent of American Tower's operations in India comprising the buyout of approximately 76,000 communications sites in India for an enterprise value of Rs 18200 crore or about USD 2.2 billion. "With this acquisition, the Brookfield-led consortium reinforces its commitment to connecting India with an expanded portfolio of 257,000 telecom sites," DIT said in a statement. DIT's Telecom Infrastructure portfolio will be housed under the new brand name Altius. Bharti Group owned Indus Towers had a portfolio of 2,25,910 as of June 30, 2024. ATC India is Brookfield's third acquisition in the Indian .

The Economic Times

Brookfield concludes ATC India buyout, pips Indus to become India’s top tower company

Brookfield Asset Management, along with partners, has completed the acquisition of American Tower Corp’s India unit, making it the largest telecom tower company in India with 257,000 towers. The new brand Altius will house Brookfield's telecom infrastructure portfolio, reinforcing its commitment to enhancing India's connectivity.

CNBC TV18

JPMorgan upgrades Indus Towers, here are 3 reasons why it raised target price by over 45%

Indus Towers shares traded 1.5% higher at ₹431.80 at 9:30 am. The stock has made investors more than 110% wealthier so far this year (YTD) as against Nifty 50 which has risen 15% during the period.

Business Standard

SBI, Vodafone Idea, Indus Towers shares tank following Goldman report

Airtel outperforms as the US-based brokerage reiterates 'buy'

The Economic Times

SBI, DLF among 5 stocks with significant short buildup

In Friday's trading session, five stocks including SBI and DLF experienced significant short buildup. This indicates traders are expecting a decline in prices as open interest and trading volumes rose while stock prices fell. Other stocks affected include Indus Towers, Canara Bank, and Coal India.

CNBC TV18

Indus Towers shares fall 6% after Goldman Sachs terms re-rating 'overdone'

Out of the 22 analysts that have coverage on Indus Towers, seven of them have a "sell" rating on the stock, five have a "hold" rating, while 10 still advise "buying" the stock.

CNBC TV18

Trade Setup for September 3: What next for Nifty after 1,100-point rally in 13 sessions

An eye also needs to be kept on the broader markets as there has been some selling pressure seen over the last few days, particularly in specific stocks, which have seen a significant run-up in the last few trading sessions like Vodafone Idea, Indus Towers, among others.

CNBC TV18

Indus Towers emboldens Bharti Group, beats ICICI Group in Market Cap

While the parent Bharti Airtel boasts a market capitalisation of ₹9.3 lakh crore, recently listed Bharti Hexacom commands a market capitalisation of nearly ₹59,000 crore. As of Wednesday’s close, Indus Towers had a market valuation of ₹1.2 lakh crore.

Business Line

Airtel becomes majority shareholder in Indus Towers post buyback of shares

Consequently, Indus Towers Limited will become a subsidiary of Bharti Airtel under the provisions of the Companies Act, 2013

The Economic Times

Indus Towers set to become Airtel subsidiary post-buyback exercise

Bharti Airtel will soon hold a 50.005% stake in Indus Towers, thereby making the telecom tower company its subsidiary. The decision, approved by the board on August 27, entails a buyback of 56.7 million equity shares priced at Rs 10 each. Shares of Indus had closed 1% higher at Rs 437.40 on BSE on Tuesday. Airtel shares, in turn, had also close marginally (0.58%) higher at Rs 1522.50 on the exchange.

The Economic Times

Gland Pharma, Indus Towers lead top 10 companies with highest increase in MF holdings in June quarter

Around 10 companies experienced the largest increase in mutual fund holdings in June 2024

The Economic Times

F&O Ban List: Hindustan Copper, India Cements among 8 stocks under trade ban on Tuesday

Eight stocks are under the F&O trade ban on Tuesday: Aditya Birla Fashion & Retail, Chambal Fertilizers & Chemicals, GMR Airports, GNFC, Hindustan Copper, India Cements, Indus Towers, and RBL Bank. Balrampur Chini, Bandhan Bank, IEX, and PEL have moved out of the ban.

The Economic Times

F&O Ban List: RBL Bank, Bandhan Bank among 10 stocks under trade ban on Friday

Ten stocks, including ABFRL, Balrampur Chini, Bandhan Bank, Chambal Fertilizers & Chemicals, GNFC, IEX, India Cements, Indus Towers, PEL, and RBL Bank, are under F&O ban. MWPLs above 95% trigger bans. S&P BSE Sensex at 79,897.34, Nifty at 24,315.95. Declines led by HDFC Bank, L&T, and Mahindra & Mahindra. OI decreased from previous session, disclaimer noted.

The Economic Times

Bank of Baroda, Indus Towers among 5 stocks with short buildup

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. ​

The Economic Times

F&O Ban List: GNFC, Bandhan Bank among 8 stocks under trade ban on Tuesday

Eight stocks were under F&O trade ban on Tuesday: ABFRL, Bandhan Bank, Chambal Fertilizers, GNFC, Hindustan Copper, India Cements, Indus Towers, and PEL. F&O bans occur at 95% MWPL; lifted at 80%. Index traders avoid security bans.

The Economic Times

F&O Ban List: India Cements and Indus Towers under trade ban on Wednesday

Stocks India Cements and Indus Towers under F&O ban. India Cements OI at 115.7%, down 1.9%, while Indus Towers at 80.2%, down 5.4%. Both trading above SMAs and facing ban reversal if OI drops. Market sees minor decline on Tuesday across sectors like banks and auto.

Mint

Weekend Wrap: From Indus Towers to JSW Infrastructure, top market movers and news of week

Presenting a comprehensive recap of the week's highlights, spanning from top news to market performance, here's your market wrap for the week concluding on June 28, 2024.

The Economic Times

F&O Ban: India Cements, Indus Towers among 5 stocks under trade ban on Thursday

The Future & Options contracts of any stock enter a ban period when its open interest (OI) exceeds 95% of the market-wide position limits (MWPL). The ban is lifted only when the open interest falls below 80% of MWPL

Business Line

CITI forecasts bullish run for telecom stocks in second half; Bharti Airtel and Indus Towers lead recommendations

CITI Research anticipates an eventful second half for India’s telecom sector, foreseeing positive movements such as potential tariff hikes and 5G monetisation opportunities

The Economic Times

F&O Ban: PNB, Indus Towers among 4 stocks under trade ban on Wednesday

The F&O contracts of any stock enter the ban period when the OI on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%

Business Line

Ambit Capital upgrades Vodafone Idea and Indus Towers to ‘BUY’ ratings

The positive outlook on Vodafone Idea and Indus Towers is based on expected financial performance and operational efficiency improvements

The Economic Times

F&O Ban: PNB, Indus Towers among 8 stocks under trade ban on Tuesday

A stock's Future & Options contracts enter the ban period when the open interest (OI) on it crosses 95% of the market-wide position limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

The Economic Times

F&O Ban: HAL, Indus Towers among 8 stocks under trade ban on Monday

Eight stocks are under F&O trade ban, including Balrampur Chini Mills, GNFC, Hindustan Aeronautics, Hindustan Copper, Indus Towers, and Piramal Enterprises. Birlasoft exits ban list while Chambal Fertilisers and Granules enter. Ban lifted when open interest falls below 80%.

The Economic Times

SBI Life, Indus Towers among 5 stocks with short covering

Short covering indicates a reversal in sentiment from highly bearish to bullish. During Friday's trading, five stocks experienced significant short covering activities, reflecting this shift in market outlook.

The Economic Times

F&O Ban: HAL, Indus Towers among 7 stocks under trade ban on Friday

The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

The Economic Times

F&O Ban: HAL, Indus Towers among 8 stocks under trade ban on Thursday

GNFC and Sun TV Network exited the F&O ban list. MWPL and OI levels determine entry and exit from the ban.