Share Market News: Ambit Finvest Increases Target Price of Indus Towers With Better Returns Expected

Share Market News: Ambit Finvest has increased the target price of a particular stock by giving a buy rating in its report. Currently, this stock is trading at Rs. 428 and Ambit has given a target of Rs. 530 per share. We are talking about Indus Towers, the company that provides telecom infrastructure for the biggest telecom players in India. The company has given a return of 146% to investors in the last year. Indus Towers is the biggest beneficiary of the major changes happening in the Vodafone Idea. 

Indus Towers and Vodafone Idea

According to Ambit, Vi is working on increasing its coverage to about 1.2 billion people. The increasing network coverage of Vi will also see a lot of speed in the rental yield of Indus Tower. With this, Vodafone Idea will also reduce the debt of Indus Tower, which will also improve the cash flows of Indus Tower in the upcoming time. The report of Ambit tells that Indus Towers is currently at a valuation of about 40% less than its competitors in other countries, with high growth chances.