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The major concern that analysts point out is if the high rate of tenancy addition is unlikely to sustain as Bharti Airtel is close to completing its rural 4G rollout and 5G rollout over the next 12 months will largely come as loading.
A potential fundraise from Vodafone Idea (Vi) would improve Indus Towers chances of recovering its massive old dues – now pegged at Rs 9,500 crore -- from its cash-strapped telco customer, said analysts. They said that with a likely promoter equity infusion (Rs 2,000 crore) and possible relief from lenders, Vis survival is likely, at least until 2HFY26.
It added that with a likely promoter equity infusion (Rs 2,000 crore) and possible relief from lenders, Vis survival is likely, at least until 2HFY26.
Vodafone Idea: It added that with a likely promoter equity infusion (Rs 2,000 crore) and possible relief from lenders, Vi’s survival is likely, at least until 2HFY26.
Bank of Baroda formed a Bullish Harami pattern on the daily chart. It found support at the 21-day EMA, indicating potential buying interest.