Indus Towers shares have grabbed attention on Monday following an update from Crisil Ratings regarding its long-term bank loan facilities and ₹1,750 crore bonds, as per a BSE filing. The shares experienced a decline the day prior to the announcement, closing lower during Friday's trading session.

Crisil Ratings Update

Bharti Airtel-owned Indus Towers Limited announced on Saturday, February 22, that Crisil Ratings has upgraded the company's ratings for its long-term bank loan facilities and ₹1,750 crore bonds from “Stable” to “Positive.” The rating remains at 'CRISIL AA+'. This development could potentially affect the stock's performance as the market opens on February 24.

According to the company's BSE filing, “This is to inform that on February 21, 2025, CRISIL Ratings has revised the outlook on the long-term bank loan facilities and ₹1,750 Crore bond (debt instruments) of Indus Towers Limited ('the Company') from 'Stable' to 'Positive' while reaffirming the rating at 'CRISIL AA+'.” Bharti Airtel now holds a 50% shareholding in Indus Towers, with over 1.31 crore equity shares as of February 22.

Indus Towers Share Price Movement

On Friday, Indus Towers shares closed 1.35% lower at ₹336.45 compared to ₹341.05 in the previous session. Over the last five years, the shares have provided investors with a 45% return, and a 49% return over the past year. However, there has been a 6% decline over the past 30 days, with a year-to-date decrease of 2.43% in 2025.

The stock reached a 52-week high of ₹460.70 on September 2, 2024, and a 52-week low of ₹217.65 on February 22, 2024, as per data from the BSE.

Expert Analysis and Recommendation

According to analysts at Motilal Oswal, the stock has been given a “Neutral” rating with an estimated upside of 9%. Their report states, “Operationally, the core performance was in line, with Indus’ recurring EBITDA rising 4% QoQ to INR39.3b (+8% YoY) as tower/tenancy additions grew, with ARPT remaining stable QoQ.” The brokerage firm retained its FY2025-26 estimates following an unexpected performance for the October to December quarter results of FY2025.

Indus Towers Ltd. is projected to be priced at ₹400, with bullish predictions at ₹480 and bearish forecasts at ₹340, offering a potential upside of 9%.

Disclaimer: The opinions and recommendations provided are those of individual analysts, experts, and brokerage firms. We encourage investors to consult certified professionals before making investment decisions.