Indus Towers Limited is formed by the merger of Bharti Infratel Limited and Indus Towers. This combined strength makes Indus one of the largest telecom tower companies in the world. Indus Towers Limited has over 183,462 towers and a nationwide presence covering all 22 telecom circles. Indus’ leading customers are Bharti Airtel (together with Bharti Hexacom), Vodafone Idea Limited and Reliance Jio Infocomm Limited, which are the leading wireless telecommunications service providers in India by revenue.
FUNDAMENTAL ANALYSIS-
1. company is profitable and upgrading in their revenue year by year.
2. increase in revenue ,EBITA , PBT , EPS and can see a increase in free cash flow.
3. great dividend yield (6.84% )
3. as we can see how telecom and data sector is growing, this stock is going to grow with that sector. company working model is base of this sector plus tie ups are with sector leaders.
negative points about company-
1.their is pledging in promotors holdings.
2.dept to equity increases this year ( now -0.44 )
TECHNICAL ANALYSIS-
1. on monthly chart downtrend is broken by strong bullish candle with volume.
2. on weekly time frame after breakout slightly retested and pullback is observed.
3. on daily time frame, stock is creating volatility for couple of days going to break on either side ( down or up)
4. recommended to accumulate stock as chances are more to break upside once it closes around 298 to 300 range on daily time frame stock is going to show upside move.
this study is for education purpose only.
FUNDAMENTAL ANALYSIS-
1. company is profitable and upgrading in their revenue year by year.
2. increase in revenue ,EBITA , PBT , EPS and can see a increase in free cash flow.
3. great dividend yield (6.84% )
3. as we can see how telecom and data sector is growing, this stock is going to grow with that sector. company working model is base of this sector plus tie ups are with sector leaders.
negative points about company-
1.their is pledging in promotors holdings.
2.dept to equity increases this year ( now -0.44 )
TECHNICAL ANALYSIS-
1. on monthly chart downtrend is broken by strong bullish candle with volume.
2. on weekly time frame after breakout slightly retested and pullback is observed.
3. on daily time frame, stock is creating volatility for couple of days going to break on either side ( down or up)
4. recommended to accumulate stock as chances are more to break upside once it closes around 298 to 300 range on daily time frame stock is going to show upside move.
this study is for education purpose only.