Indus Towers, AGR
Indus Towers shares fall 13% after SC rejects re-computation in AGR case
Indus Towers' shares dropped 10% to their day's low of Rs 366.30 on the BSE after the Supreme Court upheld its ruling on the Adjusted Gross Revenue (AGR) case, rejecting telecom companies' requests for a re-computation and affirming the full AGR demand.
Indus Towers clarifies on share price drop following Supreme Court's AGR plea dismissal
On Thursday (September 19), shares of Indus Towers plunged 8.86% to ₹389.65, with an intra-day low of ₹366.30, a 14.32% drop.
Vodafone Idea, Indus Towers Fall Most After Supreme Court Verdict On AGR Dues
Shares of most telecommunication companies declined on Thursday with Vodafone Idea Ltd. and Indus Towers Ltd. falling the most after the Supreme Court rejected their plea seeking re-computation of average gross revenue or AGR by the Department of Telecommunication.
Vodafone Idea, Indus Towers shares plummet 15% as Supreme Court upholds AGR ruling
According to IIFL Securities, the cash flow situation for Vodafone Idea is expected to become more challenging without relief from the court.
Indus Towers shares in 10% lower circuit: How does the Vodafone Idea setback impact the company
In a note on September 6, global brokerage firm Goldman Sachs had downgraded Indus Towers to 'Sell' from its earlier rating of 'Neutral' citing that the re-rating for the stock is 'overdone'.
Big movers on D-Street: What should investors do with Indus Towers, Vodafone Idea and HCL Tech?
The Indian market reacted strongly to the US Federal decision to reduce the interest rate, with Sensex and Nifty reaching record highs. Indus Towers, Vodafone Idea, and HCL Tech saw significant movements.
Vodafone Idea, Indus Towers Shares Plunge After Supreme Court Ruling
Vodafone Idea and Indus Towers shares tumbled after the Supreme Court dismissed their pleas seeking correction of alleged errors in the adjusted gross revenue (AGR) calculation.
Vodafone Idea Share Price and Indus Towers Shares Plunge up to 15% After AGR Setback: Key Highlights
Vodafone Idea (VIL) recently reported a massive adjusted gross revenue (AGR) liability of ₹70,300 crore, which includes accumulated interest. However, VIL’s self-assessed AGR liability is significantly lower, at ₹35,400 crore, a 50% reduction compared to the official figure.
Vodafone Idea slumps nearly 20 per cent; Indus Towers plunges 9 per cent
Vodafone Idea and Indus Towers experienced substantial declines in their share prices following the Supreme Court's dismissal of their pleas to correc
Indus Tower shares drop 13% following Supreme Court's rejection of AGR case re-computation
Earlier this month, global brokerage firm Goldman Sachs downgraded Indus Towers from a 'Neutral' rating to 'Sell,' lowering the target price to ₹220.
Vodafone Idea Crashes Over 15%, Indus Towers Falls 10% As Supreme Court Rejects AGR Plea
The stocks of telecom sector on Thursday (September 19) experienced a decline after the Supreme Court rejected the pleas from telecom giants Bharti Airtel and Vodafone Idea for a re-computation of adjusted gross revenue (AGR) dues.
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Indus Tower share price target: Brokerage positive - Buy, Sell or Hold?
Brokerage house BofA has maintained a BUY rating on Indus Towers. The apex court reaffirmed its decision on the AGR ruling ...
Brokerage Radar: BofA cuts Indus Tower's target price, Macquarie upgrades JSW Steel
Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes metal, telecom ...
DIT pips Indus Towers to become India's largest mobile tower company
Data Infrastructure Trust on Thursday said it has pipped Indus Towers to become India's largest mobile tower company after ...
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Indus Towers multiples may see de-rating, special dividend chances fall, says this analyst
BofA Securities noted the possibility of multiple de-ratings of valuations, and they see a lower possibility of a lump sum ...