30 Sep 2025 | 3 Mins Read
HSBC forecasts 11% decline in Indus Towers stock
Flipitmoney
HSBC initiates coverage on Indus Towers with a 'Reduce' call, targeting ₹310 per share for a 10.7% downside. The brokerage cites muted growth, weak pricing power in tower leasing, and uncertain demand from Vodafone Idea. Key valuation metrics for the target price are EV/EBITDA multiples of 5.4x for FY26 and 5.2x for FY27.