INDUS Holding AG: Strategic Moves and Fiscal Policy Impact

INDUS Holding AG has completed its share buyback program, purchasing 900,000 shares and canceling 1.1 million treasury shares. This move, aimed at increasing earnings per share and enhancing shareholder value, saw buybacks executed at an average price of €21.20. Despite the success, suggestions were made that INDUS could have bought back a larger percentage of its outstanding shares.

The company's growth prospects could be further bolstered by a proposed €500 billion fund for infrastructure projects in Germany, discussed by the country's incoming government. This initiative is expected to benefit INDUS, as approximately half of its sales are German-based, involving key players in sectors like road milling and HVAC systems.

NuWays AG maintains a "Buy" recommendation with a target price of €34, underscoring confidence in INDUS's strategic direction and growth potential amid evolving fiscal policies.