Emkay Research has reaffirmed their BUY recommendation on Indus Towers, upgrading the target price to Rs460 from Rs410, a 12% increase, reflecting strong quarterly results and improved client stabi

Indus Towers Shares could see gap-up opening as the company reported strong quarterly results after yesterday's market close. The stock could also see re-rating from market experts.

Indus Towers shares were trading firm on Friday. The stock opened the trading session at Rs 358 and touched intraday high at Rs 364.95.

Indian markets were trading lower as PSU banks and Adani Group stocks were dragging the markets down. Among gainers were PAYTM, Indus Towers, Grasim, Tata Steel, Hindalco and Suzlon Energy.

The recent developments surrounding Vodafone Idea Ltd. (Vi) and Indus Towers have caused significant market buzz, with global brokerage firms issuing sharply contrasting recommendations.

Indian markets are expected to open lower today and we could see selling pressure in certain counters.