ITI Ltd Share Price – NSE /  BSE

Aerospace & Defence, Small Cap

Indo Count Industries Ltd, L T Foods Ltd, La Opala RG Ltd and Avenue Supermarts Ltd are among the other losers in the BSE's 'A' group today, 11 December 2024.

ITI Ltd crashed 6.73% to Rs 363.05 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 5.83 lakh shares were traded on the counter so far as against the average daily volumes of 10 lakh shares in the past one month.

Indo Count Industries Ltd lost 2.97% to Rs 385. The stock was the second biggest loser in 'A' group.On the BSE, 44211 shares were traded on the counter so far as against the average daily volumes of 37220 shares in the past one month.

L T Foods Ltd tumbled 2.91% to Rs 426.85. The stock was the third biggest loser in 'A' group.On the BSE, 53448 shares were traded on the counter so far as against the average daily volumes of 83722 shares in the past one month.

La Opala RG Ltd plummeted 2.87% to Rs 355.55. The stock was the fourth biggest loser in 'A' group.On the BSE, 7195 shares were traded on the counter so far as against the average daily volumes of 9442 shares in the past one month.

Avenue Supermarts Ltd corrected 2.78% to Rs 3710.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 28606 shares were traded on the counter so far as against the average daily volumes of 26436 shares in the past one month.

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Asahi India Glass Ltd, HBL Power Systems Ltd, Metropolis Healthcare Ltd, Godawari Power & Ispat Ltd are among the other stocks to see a surge in volumes on NSE today, 06 December 2024.

ITI Ltd recorded volume of 680.22 lakh shares by 14:14 IST on NSE, a 15.61 times surge over two-week average daily volume of 43.58 lakh shares. The stock gained 14.22% to Rs.323.80. Volumes stood at 13.58 lakh shares in the last session.

Asahi India Glass Ltd witnessed volume of 12 lakh shares by 14:14 IST on NSE, a 13.42 times surge over two-week average daily volume of 89376 shares. The stock increased 4.94% to Rs.759.10. Volumes stood at 1.66 lakh shares in the last session.

HBL Power Systems Ltd recorded volume of 174.68 lakh shares by 14:14 IST on NSE, a 10.18 times surge over two-week average daily volume of 17.17 lakh shares. The stock gained 9.79% to Rs.695.15. Volumes stood at 9.58 lakh shares in the last session.

Metropolis Healthcare Ltd recorded volume of 6.87 lakh shares by 14:14 IST on NSE, a 7.46 times surge over two-week average daily volume of 92021 shares. The stock gained 1.32% to Rs.2,127.90. Volumes stood at 83654 shares in the last session.

Godawari Power & Ispat Ltd recorded volume of 77.24 lakh shares by 14:14 IST on NSE, a 6.45 times surge over two-week average daily volume of 11.98 lakh shares. The stock gained 3.76% to Rs.213.67. Volumes stood at 15.81 lakh shares in the last session.

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ITI Ltd gained 3.21% today to trade at Rs 292.25. The BSE Telecommunication index is up 0.45% to quote at 2968.81. The index is up 1.77 % over last one month. Among the other constituents of the index, Optiemus Infracom Ltd increased 1.61% and Indus Towers Ltd added 1.51% on the day. The BSE Telecommunication index went up 38.26 % over last one year compared to the 17.63% surge in benchmark SENSEX.

ITI Ltd has added 25.86% over last one month compared to 1.77% gain in BSE Telecommunication index and 1.74% rise in the SENSEX. On the BSE, 23995 shares were traded in the counter so far compared with average daily volumes of 8.37 lakh shares in the past one month. The stock hit a record high of Rs 384.35 on 17 Jan 2024. The stock hit a 52-week low of Rs 210.2 on 25 Oct 2024.

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The Uttarakhand Government envisaged this project for effective prevention of illegal mining and mineral transportation and to increase its revenue in the state.

As part of this contract, ITI will be the work agency for development, implementation and maintenance of Mining Digital Transformation & Surveillance System (MDTSS) in the districts of Dehradun, Haridwar, Udham Singh Nagar, and Nainital.

Accordingly, an MoU of Rs 95 crore for five years has was signed between ITI and Government of Uttarakhand. The systems will be installed at 40 check gates across Dehradun, Haridwar, Nainital, and Udham Singh Nagar.

The new system equipped with bullet cameras, RFID radars, and LED floodlights will not only help monitor illegal mining activities but also boost the state government’s revenue.

Besides, a Mining State Control Centre (MSCC) will be set up in Dehradun, along with mini command centres at district headquarters in Dehradun, Haridwar, Nainital, and Udham Singh Nagar.

Rajesh Rai, chairman and managing director, ITI, said: “It gives me a great sense of satisfaction to see that the Government of Uttarakhand has selected ITI as its technology partner in its efforts to curb illegal mining.

ITI will leverage its strong technology domain expertise to help Uttarkhand Government achieve its objectives. We are also exploring such projects with other states where we can help them.”

ITI, a multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment. The company offers complete range of telecom products covering the whole spectrum of switching, transmission, and access & subscriber premises equipment.

On a consolidated basis, ITI reported net loss of Rs 70.33 crore in Q2 FY25 as against net loss of Rs 126.01 crore in Q2 FY24. Net sales soared 312.30% year-on-year to Rs 1,016.20 crore in Q1 June 2024.

The scrip rose 0.84% to currently trade at Rs 293.7 on the BSE.

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