Indus Towers: Can Bharti Airtel’s stake increase cushion fears over Jio tenancy renewals? Nomura decodes

Indus Towers is in focus. Nomura is maintaining a bullish outlook on the company’s fundamental value and strategic position despite concerns with regards to tenancy renewals from Jio Platforms. The brokerage house also maintained its 12-month price target at Rs 505.

Here is a detailed analysis of the investment rationale driving Nomura’s recommendation.