Indus Towers Ltd Trend AnalysisIndia's largest mobile tower installation company.
Its customers are Bharti Airtel, Vodafone Idea, Reliance Jio and BSNL.
Fundamentally sound with strong sales growth and good ROCE & ROE numbers.
Reduced net profit in recent quarters due to OPM hit and increased borrowings.
Promoters have increased shareholdings by buying from FIIs & DIIs.
Public shareholding is just 1.5%
Technically 2nd wave has completed and 3rd wave initiated, minimum target for the 3rd wave is 480 which is near its all time high.
Good to accumulate around current price levels for the following targets:
Short term swing target @ 220 (43.5% ROI from CMP)
Medium term swing target @ 350 (128% ROI from CMP)
Long term swing target @ 480 (213% ROI from CMP)
Will update long term positional target later as chart unfolds.
Above idea will be nullified if price goes below 120.
Do your own due diligence before taking any action.
Peace!!
