ITI Ltd Shares Soar 20% to All-Time High Amid Surging Trade Volumes
The stock of PSU ITI rises 20% and reaches its highest point ever, ₹457.10.
PSU ITI Limited’s stock soared by about 20% on the NSE on January 3 and reached an all-time high of ₹457.10. A huge trading volume of 892.47 lakh shares was the main driver of this stock price spike.
High Trading Volume Drives the Upswing
ITI Limited’s shares increased 19.99% to ₹457.10 on the NSE on Friday, January 3, 2025, the last trading day of the first week of the year. The National Stock Exchange (NSE) reports that 892.47 lakh shares were traded, bringing the stock’s total trading value for the day to ₹3,794.94 crore.
Consistent Development
The stock price of ITI increased by 39.36% in the last five trading days.
It increased by 59.02% in the last month.
The stock climbed 48% over the course of six months and 17% year over year.
Historical Results and the Market Environment
On October 25, 2024, the PSU stock fell to ₹210 per share, its 52-week low, on the NSE.
The BSE PSU Index ended 0.44% higher, gaining 84.06 points to conclude at 19,252.41, while other market indices, such as the Sensex and Nifty, closed about 1% lower as a result of selling pressure.
About the Company
In addition to offering a range of associated and auxiliary services, ITI Limited is a manufacturer, trader, and service provider of telecommunications equipment. Additionally, it is one of India’s top suppliers of defense electronics systems and products.
According to the NSE, ITI Limited’s entire market capitalization was ₹43,922.14 crore as of January 3.
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