ITI Ltd’s share price closed with a 5% gain at ₹267.18 on the NSE, marking a significant recovery after recent declines. The stock experienced fluctuations in the early hours of trading before hitting the upper circuit at 11:30 AM, maintaining its momentum until the closing bell. This sharp rise indicates renewed investor interest, possibly driven by positive news, institutional buying, or expectations of favorable developments in the telecom and manufacturing sectors. However, despite today’s rally, the stock has still recorded a negative return of 13.23% over the past month and 17.54% in the last three months, reflecting broader market volatility and potential concerns about the company’s financials, order book, or industry headwinds. As a key player in telecom infrastructure and government-backed projects like BharatNet, ITI Ltd’s future performance will depend on upcoming earnings reports, policy decisions, and contract wins, which could determine whether this uptrend sustains or remains a temporary bounce.
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.
