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Indus Towers Share Price: Nomura says selloff is overdone; sees 30% upside
Indus Towers has corrected sharply in recent months amid investor concerns over the renewal of telecom tower tenancy agreements with Reliance Jio. The stock is currently trading about 19% below its 52-week high of ₹481.50, touched on February 19, and is down 11% so far in 2026.
Indus Towers trades lower as Bharti Airtel buys 53 lakh shares so far in February
Since February 5, the telecom major has bought a total of 53 lakh shares in Indus Towers.
Indus Towers stock gets CLSA's high-conviction 'Outperform' call; brokerage sees tenancy growth driven by Airtel, Vi
CLSA expects Indus Towers' tenancy growth momentum to continue over the next few years, driving earnings growth for the telecom infrastructure company.
Indus Towers, Vodafone Idea gain up to 2.6% after Nomura's telecom outlook
Indus Towers shares rose 2.51% to Rs 392.40, while Vodafone Idea gained 2.60% to Rs 14.21 in afternoon trade. However, Bharti Airtel bucked the trend, falling 1.42% to Rs 1,898.40