Shares of ITI Ltd hit the lower circuit at ₹270.15 apiece on the NSE on Friday, February 14, marking a sharp decline of 4.99% from the previous close. The steep fall came a day after the company reported its Q3 FY25 earnings, revealing that its consolidated net loss had narrowed to ₹48.9 crore. Despite the improvement in losses, investor sentiment remained negative, leading to a significant sell-off. Over the past month, ITI Ltd has recorded a steep decline of 33.34%, indicating sustained bearish momentum, while in the last three months, the stock has fallen by 9.90%. The persistent downtrend reflects ongoing concerns about the company’s financial stability and growth prospects. Market participants will closely watch ITI’s future performance to assess whether the stock can regain positive momentum or continue facing downward pressure.
About ITI
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.
