{"id":1002903,"date":"2026-04-15T10:06:02","date_gmt":"2026-04-15T04:36:02","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1002903"},"modified":"2026-04-15T10:27:44","modified_gmt":"2026-04-15T04:57:44","slug":"indus-towers-jefferies-cuts-rating-to-underperform-gives-reasons-for-bear-outlook","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/04\/15\/indus-towers-jefferies-cuts-rating-to-underperform-gives-reasons-for-bear-outlook\/","title":{"rendered":"Indus Towers: Jefferies cuts rating to underperform, gives reasons for bear outlook"},"content":{"rendered":"<p>Jefferies has downgraded Indus Towers to &#8220;underperform&#8221; and slashed its price target to \u20b9375, citing emerging risks around tower contract renewals and sustained pressure from elevated capital expenditure, which could weigh on earnings growth and shareholder payouts. <\/p>\n<p>The brokerage flagged that a significant portion of Indus Towers sites \u2014 around 10% \u2014 that were deployed in 2016\u201317 are up for renewal over the second half of calendar year 2026 and early 2027. This cluster of renewals comes at a time when industry wide tower additions are moderating, potentially intensifying competition among tower companies to retain tenants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jefferies has downgraded Indus Towers to &#8220;underperform&#8221; and slashed its price target to \u20b9375, citing emerging risks around tower contract renewals and sustained pressure from elevated capital expenditure, which could weigh on earnings growth and shareholder payouts. The brokerage flagged that a significant portion of Indus Towers sites \u2014 around 10% \u2014 that were deployed in 2016\u201317 are up for renewal over the second half of calendar year 2026 and early 2027. This cluster of renewals comes at a time when industry wide tower additions are moderating, potentially intensifying competition among tower companies to retain tenants.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-1002903","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1002903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1002903"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1002903\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1002903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1002903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1002903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}