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Indus Towers - Builds Optimism On Rural Expansion By Airtel, 4G Rollout From Vodafone Idea: ICICI Securities

At target price, Indus’ implied valuation works out to 5.4 times FY26 enterprise value/adjusted Ebitda and 10.5 times FY26E EPS, maintain Sell.

<div class="paragraphs"><p>Tilt up of a telecom tower. (Photo: Vijay Sartape /Source: NDTV Profit)</p></div>
Tilt up of a telecom tower. (Photo: Vijay Sartape /Source: NDTV Profit)
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