Indus Towers shares rally 6% after Citi recommends buying the dip, gives Rs 500 target price

September 23, 2024

Indus Towers Share Price: Shares of Indus Towers rose 6.2% to a day’s high of Rs 412.45 on the BSE after global brokerage firm Citi recommended buying the stock on dips, setting a target price of Rs 500 and maintaining a buy rating. Citi indicated that past dues from VI to Indus in Q2 FY25 should ideally increase quarter-on-quarter due to tariff hikes.

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