Indus Towers shares jump 10% post Q4 results. Should you buy, sell or hold?

Indian telecom infrastructure provider Indus Towers saw a 10% increase in its share price after it reported a Q4 net profit of INR 1,399 crore ($185m), representing a 23% YoY decline. The company made an additional provision of INR 43.4 crore towards doubtful debt in the quarter, with industry executives estimating that Vodafone Idea, the company’s biggest customer, owes Indus around INR 7,000 crore. This has led to a wavering outlook regarding Indus’ future success, with some experts suggesting a neutral or reduced rating.