Latest news with #IndusTower
Time of India
2 days ago
- Business
- Time of India
Top stocks to buy today: Stock market recommendations for June 10, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Indus Tower, Jindal Steel & Power are the top stocks to buy today: Indus Tower – Buy in the range between Rs 392 & Rs 398; Stop Loss: Rs 375; Target: Rs 440 Indus Tower has broken out of a Triangle pattern on daily charts and expected to resume the uptrend. Momentum indicators have also given a positive crossover above the zero line. The stock has been consolidating in a broad range since last month and has closed above 20 daily moving average i.e. 387, resuming the up trend today. The stock is expected to continue the up trend till the previous swing high 440. Key resistance is 421 & 440 and support is at 387 and 375. Jindal Steel & Power – Buy in the range between Rs 970 & Rs 980; Stop Loss: Rs 930; Target: Rs 1,065 Jindal Steel & Power has broken out of a bullish flag pattern and expected to resume the uptrend. The stock has been consolidating since last week and has taken support at 20 daily moving average i.e. 946. Momentum indicator has given positive crossover around the zero line. The stock is expected to continue the up trend till the previous swing high 1065. Key resistance is at 1010 & 1065 and support is at 957 and 930. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
&w=3840&q=100)
Business Standard
02-05-2025
- Business
- Business Standard
Indus Towers shares tumble 7% as Q4 profit dips; results breakdown here
Shares of Indus Towers fell over 7 per cent on Friday, even as the broader market rallied, after the telecom firm reported a 4 per cent year-on-year (Y-o-Y) decline in the March quarter profit. The telecom infrastructure company's stock fell as much as 7.2 per cent during the day to ₹378.65 per share. The stock pared losses to trade 5.3 per cent lower at ₹386.4 apiece, compared to a 0.25 per cent advance in Nifty50 as of 11:28 AM. The stock is currently at the lowest level since April 17 this year. The company's counter has fallen over 8 per cent from its recent peak of ₹421, which it hit last month. The stock has risen 12.5 per cent this year, compared to a 3.89 per cent advance in the benchmark Nifty50. The company has a market capitalisation of ₹1.01 trillion, according to BSE data. Indus Tower Q4FY25 Results analysis The company reported a net profit of ₹1,779 crore for the March quarter, registering a decline of 4 per cent Y-o-Y. The revenue for the just-ended quarter came in at ₹7,727 crore, up 7.4 per cent, compared to the same period last year. The Q4 FY25 had a provision of ₹226 crore for doubtful receivables, aided by collections against past due. For the full year ended March 2025, the consolidated revenues stood at ₹30,123 crore, up 5.3 per cent. The consolidated profit after tax was ₹9,932 crore, up 64.5 per cent. Also Read It said the industry developments during the year have only strengthened the outlook for the company and the sector. The company exuded confidence about maintaining the "momentum" by capitalising on customers' network expansion and available strategic opportunities. Indus Tower management commentary 'Financial Year 2025 was another excellent year for us, marked by a strong all-round performance,' said Prachur Sah, Managing Director and CEO of Indus Towers Ltd. 'We achieved one of our highest-ever tower and co-location additions, securing a major share of our customers' rollouts. The acquisition of a key tower portfolio further reflects our agility in driving growth.' Sah added that this momentum supported the company's robust financial performance, including healthy cash flow generation. 'I'm also pleased that our continued engagement with a major customer led to the recovery of its outstanding dues this year,' he said. About Indus Towers The company is a provider of tower and related infrastructure sharing services. It is one of the largest telecom tower companies in India based on the number of towers and co-locations operated by the company. As of March 31 2024, Indus Towers owned and operated 2,19,736 towers with 3,68,588 co-locations in 18 telecommunication circles.
Mint
28-04-2025
- Business
- Mint
Indus Tower share price gains 4% on Board meeting updates to consider dividend, bonus, buyback
Stock Market Today: Indus Tower share price gained up to 4% in the morning trades on Monday, April 28. The gains for Indus Towers share price were led by the company's update on a Board Meeting, scheduled for April 30, that will consider various proposals such as dividend, bonus, and buyback. Indus Towers, in its intimation to the National Stock Exchange of India (NSE) and the BSE Ltd on Sunday, April 27, gave updates about a board meeting to be held on Wednesday, April 30, 2025. Indus Towers announced that the Board of Directors, at its meeting scheduled on Wednesday, April 30, 2025, shall, inter-alia, consider viable options and strategies for enhancing shareholder returns including through buy back, bonus by way of shares and/or debentures or dividend or any other permissible mode or instrument or any combination thereof. Indus Towers also announced that the Trading Window for dealing in shares of the Company shall remain closed for all Designated Persons of the Company till Friday, May 02, 2025. The trading window shall be deemed to be closed in respect of the aforementioned purposes as well, in accordance with applicable laws. Indus Towers share price opened at ₹ 409.05 on the BSE on Monday, and started gaining right from the time of start of the trading session. At the time of opening, Indus share price opened more than 3% higher than the previous day's closing price of ₹ 396.55. Indus Towers' share price thereafter gained further to the intraday highs of ₹ 410.20 on the NSE and ₹ 409.40 on the BSE Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 28 Apr 2025, 09:38 AM IST
