Shrikant Chouhan of Kotak Securities has issued a 'Buy' rating on Indus Tower with a target price of ₹500 against the current market price of ₹430. According to reports from Business Standard, the technical support levels are positioned at ₹420-400, while technical resistance stands at ₹440-455. The recommendation is supported by the company's return to dividend payments after a three-year break, with a ₹14 per share payout representing the entire FY26 free cash flow being returned to shareholders.
As reported by Business Standard, Indus Tower demonstrated robust operational metrics in Q4FY26, with 4,892 net tower additions compared to 3,548 in the previous quarter, reflecting healthy network expansion demand from telecom operators. The company's balance sheet remains strong with net cash (excluding lease liabilities) rising to ₹4,970 crore, providing flexibility for dividends, growth investments, and strategic opportunities. Dividend payouts are expected to remain linked to free cash flow generation, implying an attractive 5-6% dividend yield over FY27-28E alongside healthy AFFO yields.
According to Business Standard, TVS Motor has received an 'Add' rating with a target price of ₹3,925 against the current market price of ₹3,291. The company delivered strong Q4FY26 financial performance with revenues surging 34% year-on-year, driven by 28% volume expansion and a 5% increase in average selling price. The company maintains a commanding 25% market share in the electric two-wheeler segment and has expanded into the electric three-wheeler sector with new offerings.
As reported by Business Standard, TVS Motor is outperforming the two-wheeler industry through strategic product launches and brand value building, consistently capturing market share in both scooter and premium motorcycle segments. The company has expanded its international footprint across African and South Asian markets, with management guiding for high single-digit growth in the domestic two-wheeler industry for FY27. The technical analysis shows support levels at ₹3,200/3,100 and resistance at ₹3,450/3,600 for TVS Motor.
