ITI Ltd shares hit all time high over 13% with new record in intraday trade

Shares of ITI Ltd, a state-owned enterprise under the Department of Telecommunications, surged 13.5% in intraday trading today, reaching a new all-time high of Rs 432.45 on the BSE. Around 1 PM, the total traded value (TTV) was Rs 2,197.98 crore, with 533.35 lakh shares exchanged.

ITI Ltd., a significant player in the telecommunications equipment industry, achieved a 52-week high of Rs 421.85 on January 3, 2025. This milestone indicates a substantial increase, as the stock has outperformed its sector by 9.09% today. After experiencing two consecutive days of decline, ITI's stock demonstrated a trend reversal, gaining 10.71% during the trading session.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : NTPC Bongaigaon Bardwi Shikla Ladies Club organized mental health awareness session

The company’s market capitalization stood at Rs 41,029.87 crore. On charts, the stock has been in a consistent upward trend since October 2024, when the stock ended a brief phase of consolidation, taking support at the Rs 210 level. Since then, the stock has been making higher highs and higher lows.

The stock has exhibited high volatility, with an intraday fluctuation of 8.04%, calculated from the weighted average price. ITI Ltd. is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past year, the stock has delivered a robust performance, with a gain of 35.18%, significantly outperforming the Sensex, which has seen an increase of 11.73%.

Read Also : NTPC REL commences second part capacity of Gujarat Solar PV Project of NTPC