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Hold Indus Towers; target of Rs 205: ICICI Direct

ICICI Direct recommended hold rating on Indus Towers with a target price of Rs 205 in its research report dated May 09, 2022.

May 12, 2022 / 04:06 PM IST
 
 
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ICICI Direct's research report on Indus Towers


Indus Towers was formed by the merger of Bharti Infratel and Indus Towers. This combined strength makes Indus one of the largest telecom tower companies in the world. It has 185447 towers and 335791 co-locations (as on Q4FY22) and a nationwide presence covering all 22 telecom circles.


Outlook


We value Indus at Rs 205 i.e. 5x FY24E EV/EBITDA.


For all recommendations report, click here

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first published: May 12, 2022 04:06 pm
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