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Is Indus Towers’ recovery firm?
Mint Chennai
|December 10, 2025
Recoveries lift fortunes
Shares of Indus Towers Ltd, Bharti Airtel Ltd's telecom infrastructure subsidiary, have put up a good showing lately, gaining close to 30% from their 52-week low of ₹312.55 on 3 September. Indus has been recovering long-pending dues from Vodafone Idea Ltd. Cheering these developments, credit rating agency Icra upgraded its long-term rating to ‘AAA’ on 27 November, soon after Emkay Global Financial Services raised its target price for the stock from ₹410 to ₹460.
With the stock back to flirting with its critical resistance level of ₹400, focus has turned towards the fundamental factors driving momentum. Vodafone Idea’s potentially improving prospects bode well for Indus. But capex-driven strain on cash flows along with a falling tenancy ratio and persistently negative energy margins pose hurdles, while Indus’ entry into Africa has pros and cons.
This story is from the December 10, 2025 edition of Mint Chennai.
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