Indus Towers Shares Down 10% as Brokers Stay Bullish

Indus Towers is a company that builds cell phone towers in India.

Its stock price fell more than 10% in 2026, but experts still think it can do well.

They look at how much money the company makes and how many new towers it will build.

Some analysts lowered their price targets because they are not sure if a big customer, Reliance Jio, will keep using the towers.

Others kept their targets high because the company has good cash flow and plans to expand into Africa.

The company earned 4.6% more revenue in its first quarter of fiscal year 2027, and its earnings margin is 53.2%.

The company also has a steady rent from each customer.

Overall, analysts say the risk and reward are balanced after the recent price drop.