Indus Towers hits 52-week low in firm market; slips 10% in one month

Analysts at BNP Paribas believe an improvement in long-term revenue visibility from Vodafone Idea can result in further increase in earnings estimates as well as valuation multiple of Indus Towers

Shares of Indus Towers slipped 3 per cent to hit a 52-week low of Rs 177.10 on the BSE in Tuesday’s firm intra-day trade on earning concerns. The stock of the telecom infrastructure company has fallen below its previous low of Rs 181.15 touched on May 16, 2022. In comparison, the S&P BSE Sensex was up nearly 1 per cent at 60,4890 at 10:01 AM.

The board of directors of Indus Towers is scheduled to meet on January 24, 2023 to consider and approve the audited financial results for the third quarter (Q3) and nine months ended on December