Is Vodafone Idea’s comeback a gain for Indus Towers - Why Nomura sees 22% upside?

Nomura has given Indus Towers a ‘Buy’ rating with a target price of Rs 490, citing the company’s positive outlook and expected tenancy growth. The shift to 5G, increasing data consumption, and stabilisation of Vodafone Idea are key drivers, along with the anticipated resumption of dividends. | financialexpress.com

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