ITI Limited’s stock price surged by 20% today, reaching ₹548.50 by 3:30 PM, driven by major contract wins worth over ₹4,500 crore and increased investor interest. The company has been making waves in the financial world, drawing keen attention from investors and analysts alike. This surge in activity stems from key developments that have brought ITI into the spotlight. The company secured contracts worth ₹4,559 crore for BharatNet Phase-3, alongside a ₹300 crore order from BREDA, underscoring its growing influence in critical sectors. With approximately 9 crore shares traded, market activity reflected strong optimism in the company’s growth potential. By establishing itself as a significant player in the telecommunications and renewable energy markets, ITI is steadily carving out a prominent niche in these rapidly expanding industries.
About ITI Limited
ITI Limited is an Indian company engaged in manufacturing, trading, and servicing telecommunication equipment, along with providing various associated and ancillary services. The company produces a range of telecom equipment, including electronic switching exchanges, transmission equipment, microelectronics, and telephone instruments. Its electronic product portfolio extends to Digital Mobile Radio systems, smart energy meters, mini personal computers, Smaash laptops, 3D printing, and bank automation products, among others. ITI also offers traded products such as Optical Transport Network equipment, managed leased line network products, signaling point network solutions, IP/MPLS routers and switches, and network management system solutions. The company operates six manufacturing facilities across India, located in Bengaluru (Karnataka), Naini (Uttar Pradesh), Rae Bareli (Uttar Pradesh), Mankapur (Uttar Pradesh), Palakkad (Kerala), and Srinagar (Jammu and Kashmir), with a network system unit based in Bengaluru.
