Page 4 - Indus Tower News Today

F&O Ban: Biocon, GNFC, Ashok Leyland, Aditya Birla Fashion and Retail, RBL Bank, UPL may enter the ban list as these stocks are near the 95 percent MWPL.

F&O Ban: Biocon, GNFC, Ashok Leyland, Aditya Birla Fashion and Retail, RBL Bank, UPL may enter the ban list as these stocks are near the 95 percent MWPL.

F&O Ban: BHEL, Biocon, Aditya Birla Fashion and Retail, Ashok Leyland, UPL, RBL Bank and IRCTC may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Jefferies maintained a buy rating on Bharti Airtel and raised the target price to Rs 1300 from Rs 1085 earlier. The brokerage firm retained an underperform rating on Indus Tower but raised the target price to Rs 160 from Rs 150 earlier.

Sanjiv Bhasin says: “When it comes to religious torism, the winners are going to be Indian Hotels and IRCTC. Also, add UltraTech, Ambuja and Dalmia Bharat into your portfolio on this correction. Cement will be a no-brainer right up till the elections and you will see more cause of price hike.”

 With this deal worth $2.5 billion, Brookfield-sponsored Data Infrastructure Trust’s tower portfolio will reach around 252,000. ATC is Brookfield’s third acquisition in India’s telecom infrastructure space.

Sanjiv Bhasin says: “We think Wipro is going to be a key outperformer in the sense that a large part of the domestic government contracts are going to come online and they are gaining more and more contracts on that basis. They are very well equipped for that. The negative of Wipro is already getting all priced in and the underperformance is now going to be an outperformer.”

(FE) In a mega M&A deal in the telecom tower space, Brookfield Asset Management on Friday said that it will acquire 100% stake in American Tower Corporation’s (ATC) India business for $2.5 billion (Rs 21,000 crore), which includes $2 billion (Rs 16,500 crore) enterprise value along side a ‘ticking fee accruing from October 1, 2023.…

 • Changemaker Awards is a prestigious recognition for individuals and corporates at national and international level for their outstanding contributions in the realm of Corporate Social Responsibility• 85 nominations received under 6 categories

Positive setup was seen in stocks like Biocon, Bajaj Auto, Canara Bank, HPCL, Indus Tower, GMR Infra, HAL, Indian Hotel, Trent, Godrej Properties, ABB, IRCTC, Bharti Airtel, ITC, Cipla, Lupin and Glenmark.