 "ITI, Orchid Pharma zoom over 35% in two days in weak market")
Shares of ITI and Orchid Pharma rallied up to 19% for the second straight day in an otherwise weak market on the back of positive corporate announcements.
ITI has surged 19% to Rs 146, extending its Thursday’s 20% rally on the National Stock Exchange (NSE), after the company announced that it has won Rs 7,000 crore-phase IV tender of Army (Army Static Switched Communication Network-ASCON) for deploying and maintaining its strategic communication network across the country.
The project includes civil works for providing the complete infrastructure required at various sites and optical fiber network besides supply, installation, commissioning
ITI has surged 19% to Rs 146, extending its Thursday’s 20% rally on the National Stock Exchange (NSE), after the company announced that it has won Rs 7,000 crore-phase IV tender of Army (Army Static Switched Communication Network-ASCON) for deploying and maintaining its strategic communication network across the country.
The project includes civil works for providing the complete infrastructure required at various sites and optical fiber network besides supply, installation, commissioning
