Hindustan Copper Ltd, Prism Johnson Ltd, Allcargo Logistics Ltd and Bharat Dynamics Ltd are among the other gainers in the BSE's 'A' group today, 06 July 2020.

ITI Ltd surged 17.73% to Rs 131.8 at 11:53 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 17.23 lakh shares were traded on the counter so far as against the average daily volumes of 3.09 lakh shares in the past one month.

Hindustan Copper Ltd spiked 12.69% to Rs 37.3. The stock was the second biggest gainer in 'A' group. On the BSE, 3.89 lakh shares were traded on the counter so far as against the average daily volumes of 1.57 lakh shares in the past one month.

Prism Johnson Ltd soared 9.98% to Rs 48.5. The stock was the third biggest gainer in 'A' group. On the BSE, 1.47 lakh shares were traded on the counter so far as against the average daily volumes of 42791 shares in the past one month.

Allcargo Logistics Ltd rose 9.14% to Rs 92.55. The stock was the fourth biggest gainer in 'A' group. On the BSE, 68310 shares were traded on the counter so far as against the average daily volumes of 14127 shares in the past one month.

Bharat Dynamics Ltd spurt 8.22% to Rs 406.7. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.2 lakh shares were traded on the counter so far as against the average daily volumes of 69483 shares in the past one month.

Powered by Capital Market - Live News

ITI and Tech Mahindra have signed a Memorandum of Understanding (MoU) to work together in the areas of 4G & 5G smart networks, Smart Cities and Health Care services.

ITI and Tech Mahindra will collaborate to create “Make in India” stack as part of this MoU for the upcoming 4G & 5G opportunities in India. ITI, with more than seven decades of experience in manufacturing will productionise the 4G upgradeable to 5G Radio AccessNetwork & related equipment in line with government's initiative of Aatma Nirbhar Bharat.Tech Mahindra will be responsible for providing the software IPs, implementation and integration services, operations and maintenance services. This partnership intends to jointlybuild a framework that will provide solutions of the upcoming wireless technologies to different telecom service providers in the country and also address business opportunities globally. Tech Mahindra will be responsible for providing the software IPs, implementation and integration services, operations and maintenance services. This partnership intends to jointlybuild a framework that will provide solutions of the upcoming wireless technologies to different telecom service providers in the country and also address business opportunities globally.

Powered by Capital Market - Live News

The Board of ITI at its meeting held on 26 June 2020 has taken note of the following -

(i) Memorandum of Understanding between Tech Mahindra and ITI on electronic manufacturing and business alliance.

(ii) Licensing Agreement with Transfer of Technology between Defence Bioengineering and Electromedical Laboratory (DEBEL), Defence Research & Development Organisation (DRDO) and ITI Limited.

Powered by Capital Market - Live News

Net profit of ITI declined 46.96% to Rs 36.46 crore in the quarter ended March 2020 as against Rs 68.74 crore during the previous quarter ended March 2019. Sales rose 2.78% to Rs 650.48 crore in the quarter ended March 2020 as against Rs 632.91 crore during the previous quarter ended March 2019.

For the full year,net profit rose 63.02% to Rs 150.86 crore in the year ended March 2020 as against Rs 92.54 crore during the previous year ended March 2019. Sales rose 23.41% to Rs 2058.87 crore in the year ended March 2020 as against Rs 1668.37 crore during the previous year ended March 2019.

Powered by Capital Market - Live News