The increase in ITI's share price followed the company's announcement that it has received a revised order from the AMRCD
At 02:40 PM; the BSE Smallcap and BSE Midcap indices were down 3.1% and 2.3%, respectively, as against 0.3% decline in the BSE Sensex.
At 12:20 PM; with a market cap of Rs 51,609 crore, ITI is trading 17 per cent higher at 535.15, the BSE data showed
In two years, the stock price of ITI has skyrocketed 302 per cent from Rs 105.10 on January 3, 2023, on improved financial performance and a healthy business outlook
ITI shares hit a new high of Rs 403.75, with a combined 60.72 million equity shares representing 6.32 per cent of the total equity of the company, changed hands on the NSE and BSE till 01:37 PM
On BSE 2.021 million equity shares and on NSE 43.367 million shares changed hands
The order is for the mining digital transformation and surveillance system (MDTSS) project
The stock price of the state-owned telecom equipment company was trading at its highest level since January 2024. It had hit a record high of Rs 384.35 on January 17, 2024
An ITI-led consortium has emerged as the lowest bidder (L1) for a Rs 3,022-crore BharatNet Project for Middle Mile Network