Stock of The Day: Anil Singhvi predicts big rewards as board meeting looms on April 30 for this stock

Markets may be swinging wildly, but according to Market Expert Anil Singhvi, Indus Towers offers a safe harbor for investors. "Our all-time favorite Indus Towers, currently around Rs. 250, remains a wealth creation pick," Singhvi said on Zee Business. "Whenever the market turns bad and you wonder which fundamentally strong stock to buy, Indus Towers fits the bill perfectly."

He highlighted that the stock has consistently demonstrated strength and resilience, making it an ideal choice during uncertain times.

Price Targets Set High

Anil Singhvi has set ambitious price targets for Indus Towers, indicating strong upside potential.

"We see targets at Rs. 387, Rs. 405, Rs. 410, and even Rs. 416," he said, adding that patient investors could reap significant rewards.

These targets suggest a substantial upside from current levels, reinforcing Indus Towers as a strong candidate for medium- to long-term investment.

Corporate Announcements

A key driver for the stock’s momentum is the upcoming Board meeting on April 30, where major shareholder-friendly announcements are expected.

"On 30th April, the board will consider a bonus issue, dividend distribution, or even a buyback. Whatever they can give, they are thinking of giving," Singhvi revealed.

While a stock split seems less likely at the current price range, Singhvi believes that positive results could still trigger significant benefits for investors.

"If the results are good, they are ready to give something," he said, hinting at potential surprises that could energize the stock further.

Market Outlook

Market Guru Anil Singhvi recommended investors keep a close eye on Indus Towers, particularly with the positive buzz surrounding April-end developments.

"You can get good action for today," he advised, suggesting that momentum may already be building ahead of the announcement.

With strong fundamentals, enticing corporate actions on the horizon, and bullish price targets, Indus Towers looks set to tower over the market in the coming days.