Stock 360: Why the street is betting on Indus Towers

Indus Towers is up 14 percent this month and five percent in the last year. In other words, it has moved in a wide band, like many other stocks which faced the pandemic's brunt and then saw a boost in the recent bull run.

From its 52-week low, it is up 118 percent. The stock has rallied because the street is expecting a large one-time dividend from the company and the other factor is that the market is now betting on Vodafone-Idea's survival.