New Street Research - Indus Towers Limited (INDUSTOWER) Indus Towers (Reduce, TP: INR265, -40%) Proposed share buyback. Our thoughts.

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New Street Research

Chris Hoare

EUR 9486.00 For Business Accounts Only

Indus Towers (Reduce, TP: INR265, -40%) Proposed share buyback. Our thoughts.

Shares of Indus Towers jumped 4% today after it announced that it will consider share repurchases in the upcoming Board meeting on 30 July. This will be its first share repurchase since 2016. We share our brief thoughts below.

26/07/2024 1 EN

Underlying

Indus Towers Limited

Bharti Infratel provides telecom tower infrastructure in India. Co. acquires, builds, owns, operates, and manages towers and related infrastructure for wireless telecommunications service providers. As of Mar 31 2014, Co. owned and operated 83,368 towers and 167,202 co-locations in 22 telecommunication circles.

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INE121J01017 National Stock Exchange of India India

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
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Global healthcare thematic research

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Pan European Telecom Services and Cable

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Analysts

Chris Hoare

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Indus Towers (Reduce, TP: INR265, -40%) Proposed share buyback. Our thoughts.

Indus Towers (Reduce, INR 280 from INR 265, -26%) Implications for Indus of likely VIL nationalisation

Indian Mobile VIL Capital Increase – should you participate and what does it mean for Bharti, Jio and Indus? Indus to Reduce

CelcomDigi (Buy, TP: RM6, +80%) Q3 24 Quick Take: Lowered service revenue guidance on Prepaid SIM consolidation; EBIT trend improving

BABA FY2Q25 Results: Monetization Starts to Stabilize for Taobao and Tmall

ASML 2024 CMD: What did we learn?

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