Jefferies downgrades Indus Towers to ‘Underperform’; sees 14% downside (Soban News)

Jefferies has downgraded Indus Towers shares to ‘Underperform’, cutting target price to ₹375. The global brokerage stated renewal risks, rising capex, and pressure on earnings and valuations as risks​Jefferies has downgraded Indus Towers shares to ‘Underperform’, cutting target price to ₹375. The global brokerage stated renewal risks, rising capex, and pressure on earnings and valuations as risks ​Latest News [ SOBAN NEWS: International and National ]