Indus Towers Ltd
Stocks on the Move
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Reco. Price: Rs. 440.00 -
Reco. Date: January 02, 2026 
Rating: Buy
BSE Code: 534816
NSE Symbol: INDUSTOWER
Stock Info
- Face Value (Rs) 10
- Equity Capital (Rs cr) 2,638.00
- Mkt Cap (Rs cr) 114,918.37
- 52w H/L (Rs) 439.85 - 312.55
- Avg Daily Vol (BSE+NSE) 1,042,083
Shareholding Pattern
- (as on 30-Sep) %
- Promoter 51.03
- FIIs 26.21
- DIIs 16.92
- Public & Others 5.84
Price Performance
- Return (%) 1m 3m 12m
- Absolute 9.89 23.64 26.70
- Sensex -0.53 5.19 8.51
Data Source: Ace equity, stockaxis Research
Indus Towers Ltd
Higher Highs, Higher Lows Formation
The price demonstrates a clear trend of higher highs and higher lows, signaling a medium-term uptrend. A strong bounce occurred from the 200-DMA, followed by steady closes above the 21 and 50 EMA, confirming the strength of the trend. The recent consolidation at the peak indicates a healthy pause instead of distribution. The 21 EMA is positioned above the 50 EMA, which is also above the 200 EMA, showing a bullish alignment. The price stays above the short and medium EMAs, suggesting a buy-on-dips approach. The RSI is in the 60-65 range, indicating bullish momentum without being overbought. The RSI remaining above 50 supports the continuation of the trend. There is a gradual rise in volume during upward movements, reflecting institutional involvement rather than a low-quality breakout. Overall, the stock is in a structural uptrend with momentum support.
Hence, we recommend buying the stock at cmp while any dip around 420 can be utilized to average with a stop loss below Rs.400 for target of Rs.510.