Indus Towers Slips Nearly 4% as Stock Hits 52-Week Low; Expansion News Fails to Lift Sentiment

Mumbai, September 3, 2025 – Indus Towers Limited (NSE: INDUSTOWER, BSE: 534816), a telecommunication company engaged in developing physical infrastructure and related services for telecom infrastructure in India, saw its shares plummet by close to 4% during early trading hours on Wednesday. At 11:15 AM, the share traded at ₹316.95 (3.80% lower than the previous day’s closing price).

This was despite the board’s nod to expand in critical African markets, including Nigeria, Uganda, and Zambia. The expansion news failed to generate any investor interest, and the absence of any dividend announcement also resulted in pushing the price downwards.

Stock Price Movement

At 11:15 AM, the stock was trading at ₹316.95 (3.80% lower than the previous day’s closing). The stock opened in the red (₹324.90) and soon reached the lowest point of the day (so far) at ₹312.55. The trading volume has been quite heavy, as over 3.3 crore shares have been traded. After today’s slump, the share has plummeted by 8.10% in the past week.

Recent Development and African Expansion

The company’s board cleared a critical expansion plan, marking the entry into the African continent with operations in Nigeria, Uganda, and Zambia. The move aims to increase and diversify the company’s revenue streams through its partnership with Bharti Airtel, enhancing its regional presence. The company stated that the move is in line with its long-term strategy to provide cost-effective and innovative solutions in the African telecom sector.

REF: https://nsearchives.nseindia.com/corporate/BHARTIINFRATEL_02092025194628_SEIntimationPressRelease02092025.pdf

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