ITI soars 10% as board plans to mull equity share issue to the government

The company has undertaken many initiatives or projects, in order to boost their turnover and implement the revival plan.

A unit of state-owned ITI in Rae Bareli
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A unit of state-owned ITI in Rae Bareli

SI Reporter Mumbai
Shares of ITI edged higher by 10 per cent to Rs 113 apiece in Wednesday’s intra-day trade, on the back of heavy volumes, ahead of their scheduled board meeting to consider issue of equity shares to the government.

At 11:20 am; the stock traded 8 per cent higher at Rs 111.95, as compared to 0.22 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped over 9-fold, as around 6.05 million equity shares changed hands on the NSE and BSE.

“A meeting of the board of directors of the company will be

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First Published: Sep 28 2022 | 11:52 AM IST

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