Indus Towers in Focus: Bharti Airtel Hikes Stake, Citi Sees 16% Upside

• Bharti Airtel acquired an additional 1.2 million shares in Indus Towers, increasing its stake to 51.18%.
• Since February 5, Bharti Airtel has purchased a total of 4.5 million shares in the company.
• Citi reiterated its 'Buy' rating on Indus Towers with a price target of ₹540 per share, projecting a 16% upside.
• Key catalysts include Vodafone Idea's bank debt closure, AGR reassessment, and Bharti Airtel's continued open market purchases.
• Indus Towers shares are trading near their 52-week high and have rallied 52% from their 52-week low.