ITI Share Price Surges 23.07% In Three Sessions
On Tuesday, ITI share price jumped nearly 10% to record high of Rs 404.00 apiece.
ITI Ltd.'s share price has surged 23.07% in the last three sessions. The stock jumped over 17% to record high on Monday's session as well. There's no news–based trigger or business related trigger behind the stock's rally.
The stock hit a 52–week low of Rs 210 apiece on Oct. 25. Its market–cap rose Rs 2,455 crore to Rs 37,825.31 crore as of 10:45 a.m.
ITI had total 96.09 crore shares outstanding as of Sept. 30, according to data on National Stock Exchanges. Of the total, promoters handle 90% and rest 10% is owned by public.
ITI, earlier known as Indian Telephone Industries, was established in 1948 as departmental factory. It deals in telecommunication technology space. It has a diverse suit of products to cater to segments like internet service, telecommunication, and communication needs in defence.
ITI share price rose 17.26% to Rs 376.65 apiece on Monday. It closed 14.60% higher at Rs 368.10 piece. It jumped 19.96% to Rs 340.10 apiece on Friday's session.
ITI Share Price Today
On Tuesday, ITI share price jumped nearly 10% to record high of Rs 404.00 apiece. It was trading 7.65% higher at Rs 396.40 apiece as of 10:45 a.m., as compared to a 0.04% advance in the NSE Nifty 50.
The stock has risen 32.71% in 12 months, and 30.13% on year-to-date basis. Total traded volume so far in the day stood at 5.9 times its 30-day average. The relative strength index was at 80.52.
