ITI Ltd, classified as a Midcap stock on the NSE, closed at ₹285 today, marking a decline of 2.75% from its previous close. Throughout the trading session, the stock exhibited significant volatility, touching an intraday low of ₹280.55 before climbing to a high of ₹294.95. Despite today’s dip, the stock’s overall performance over the past three months shows a mixed trend. While ITI Ltd has faced a sharp decline of 33.29% over the last month, indicating a strong bearish phase, its three-month return stands at -4.68%, suggesting some resilience despite recent weakness. Investors will closely watch the stock for signs of stabilization or further downward pressure, depending on market trends and sector-specific developments.
About ITI Ltd
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.
