Indus Towers at a high of over two years; Citi maintains a buying target of Rs 400

Shares of Indus Tower hit an over two-year high of Rs 284.40 while rising 5 per cent on the BSE in intraday trade on Tuesday amid heavy volumes in an otherwise subdued market. Over the past two trading days, shares of the telecom infrastructure company have risen 14 percent.

At 9:52 am, Indus Tower was trading 4 percent higher at Rs 282.25, compared to a 0.43 percent decline in the S&P BSE Sensex. Till the time of writing this report, a total of 21.1 million shares have changed hands on the NSE and BSE.

First print: March 26, 2024 | 10:09 am IST