Indus Towers: Jefferies cuts rating to underperform, gives reasons for bear outlook
- Posted on April 14, 2026
- By Business News Today
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Indus Towers: Jefferies cuts rating to underperform, gives reasons for bear outlook
Jefferies downgraded Indus Towers to underperform, cutting its target amid contract renewal risks, rising capex, and competitive pressures. Potential tenant discounts, lower renewals, and high maintenance costs may weaken revenues, earnings growth, and limit dividend payouts over the medium term.
