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Nomura maintains ‘Buy’ on Indus Towers; retains target price of Rs 505 after in-line Q1 performance

in5points

  1. Nomura maintains 'Buy' rating on Indus Towers with a target price of Rs 505.

  2. Q1 performance was in line with expectations, with rental revenue per tenant flat quarter-on-quarter at Rs 41,082 per month.

  3. Rental revenue per tenant came in 1% ahead of Nomura's estimate.

5h ago · original ↗
Nomura maintains ‘Buy’ on Indus Towers; retains target price of Rs 505 after in-line Q1 performance · in5points