Indus Towers Shares in Focus After Bharti Airtel Raises Stake to 51.18%

Bharti Airtel Acquires 45 Lakh Shares Since February 5​

Shares of Indus Towers will be in focus on Tuesday, February 17, after promoter Bharti Airtel increased its stake through fresh open market purchases.

Bharti Airtel recently acquired an additional 12 lakh shares in the company. Since February 5, it has purchased a total of 45 lakh shares. Following these transactions, Bharti Airtel’s stake in Indus Towers has risen to 51.18%, up from 51.03% as of December 2025.

The continued buying activity signals sustained promoter interest in the telecom infrastructure major.

Stock Trades Near 52 Week High, Gains 52% From Lows​

Indus Towers is currently trading close to its 52 week high of ₹475.15. The stock has rallied 52% from its 52 week low, reflecting strong momentum.

On Monday, shares ended 1.75% higher at ₹474.75. The stock has gained 9% so far this year and has advanced 40% over the past six months.

Citi Reiterates Buy Rating, Sees Further Upside​

Brokerage firm Citi reiterated its Buy rating on Indus Towers on Monday, maintaining a price target of ₹540 per share.

Despite the sharp run up in the stock over the last six months, Citi believes there is an additional 16% upside from current levels.

Citi identified three key catalysts over the next three months:

• Closure of Vodafone Idea bank debt
• Completion of Vodafone Idea’s AGR reassessment by the government
• Continued open market purchases by Bharti Airtel

According to Citi, these developments could pave the way for Indus Towers to reinstate shareholder payouts.

Bharti Airtel has acquired around 0.1% stake over the past 10 days at an average price of approximately ₹450 per share. Citi views this steady accumulation as a positive signal that reinforces confidence in the stock.

Analyst Ratings Remain Divided​

Of the 23 analysts tracking Indus Towers:

• 13 have a Buy rating
• 4 recommend Hold
• 6 have a Sell rating

The range of recommendations highlights mixed sentiment, even as promoter buying and Citi’s positive stance keep the stock firmly in focus.