Government PSU (Public Sector Undertaking) stock ITI Limited is making waves in the stock market, delivering substantial gains for investors.
Let’s delve into this PSU stock that operates under the Ministry of Communication and even offers its branded laptops and mini PCs.
Market Success
ITI Limited has emerged victorious in several tenders, competing effectively against major brands like Acer, HP, Dell, and Lenovo.
Impressive Stock Surge Today
Today, ITI Limited’s stock hit an upper circuit, trading at 170.70, marking a remarkable 14.33% increase.
Over the past five trading days, the stock has yielded a substantial 35.58% return, with a gain of Rs 44.80.
Notable Six-Month Growth
Over the last six months, ITI Limited’s stock has surged by an impressive 85.64%. In a one-month period, investors saw a 50.66% return, translating to Rs 57.40.
Core Business
ITI Limited specializes in manufacturing, trading, and servicing telecommunication equipment.
Formerly known as Indian Telephone Industries Limited, it operates under the public sector and falls under the purview of the Department of Telecommunications, Ministry of Communications, Government of India.
The company’s primary focus is on providing telephone communication services.
Market Cap and Performance
ITI Limited’s stock reached a 52-week high of Rs 172.90 and a low of Rs 86.55. Currently, the company boasts a market capitalization of Rs 14,355 crore, with an impressive year-to-date growth of 60.51%.
