Indus Towers rallies 10%, hits over 2-year high; Vodafone Idea up 9%

In the past seven trading days, Indus Towers has surged 25 per cent post government announced reforms in the telecom sector

Shares of Indus Towers hit an over two-year high of Rs 305.65 as they rallied 10 per cent on the BSE in Friday’s intra-day trade. The stock of the tower infrastructure services provider was trading at its highest level since April 2019. In the past seven trading days, it has surged 25 per cent after the government announced reforms in the telecom sector, which have increased Vodafone Idea’s going concern visibility.

Indus Towers Limited (formerly Bharti Infratel Limited) is India’s leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators.