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Umang Bhutada

13th Nov · SEBI-Registered Analyst

INDUS TOWER | TECHNO-FUNDA ANALYSIS

Indus Towers Ltd – 1W

INDUSTOWER
Trend: Bullish reversal from base; approaching key resistance. Support: ₹375 | Major Support: ₹313 Resistance: ₹409 (current zone) | ₹461 (major breakout) Technical View: Stock rebounding strongly after long consolidation. Sustaining above ₹410 could trigger the next leg towards ₹460–₹480. Volume rising, momentum strengthening. Fundamentals (Short): India’s largest telecom tower company; steady cash flow, improving tenancy ratios, and reduced debt levels post-Vi payment normalization. Margins expanding gradually. Verdict: 🟢 Buy on breakout above ₹410; targets ₹460–₹480; SL ₹375.

#TechnicalViews#FundamentalViews
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