ITI is trading at RS. 251.15, rising by 8.40 points or 3.46% from its previous close of RS. 242.75 on the BSE.
The stock opened at RS. 242.35 and touched an intraday high of RS. 254.85 and a low of RS. 237.00. A total of 28,616 shares have been traded on the counter so far.
This BSE group 'T' stock, with a face value of RS. 10, has seen a 52-week high of RS. 592.85 on January 7, 2025, and a 52-week low of RS. 210.20 on October 25, 2024. In the past week, the scrip has fluctuated between a high of RS. 254.95 and a low of RS. 233.55. The company's current market capitalization stands at RS. 24,132.68 crore.
The shareholding pattern shows 90.00% held by promoters, 8.01% by institutions, and 2.00% by non-institutions.
ITI has initiated work on the State Network Operations Center (S-NOC) for the BharatNet Phase-III Project at Solan, Himachal Pradesh, in coordination with BSNL. The S-NOC will act as a centralized hub for monitoring and managing the project’s network infrastructure, focusing on performance, security, and availability to ensure efficient service delivery.
As part of this project, ITI will connect 3,615 gram panchayats to 91 block headquarters using 10 Gbps bandwidth, which will then link to BSNL’s IP-MPLS Ring Network. This connectivity will extend to 15,538 villages across Himachal Pradesh. The project involves laying approximately 20,000 kilometers of optical fiber cable (OFC) across the state. Once completed, it will provide high-speed internet access to remote villages, enhancing digital education, healthcare, business opportunities, and e-governance.
ITI is engaged in manufacturing, selling, and servicing telecommunication equipment, along with offering various associated and ancillary services.