ITI share price moment Shares of ITI Ltd rose nearly 9 on Friday after the PSU with its institute mate surfaced as L1 in BharatNet Phase- 3 Project in Himachal Pradesh for Package No. 8, and in West Bengal, and Andaman & Nicobar islets for Package No. 9 with total order value of Rs. 3022 crore. ITI stock gained 9.12 to a high of Rs 291 against the former close of Rs 266.65 on BSE. Total 11.33 lakh shares of the establishment changed hands amounting to a development of Rs 32.33 crore. request cap of the telecom outfit maker climbed to Rs 27,596 crore.
The stock fell to a 52- week low of Rs 210.20 on October 25, 2024 and rose to a 52 week high of Rs 384.35 on January 17, 2024.
The PSU stock has risen 160 in two times and gained 234.75 in five times. The multibagger stock is trading neither in the overbought nor in the oversold zone, signals relative strength indicator( RSI) of ITI stock which stands at 64.1.
BSNL had invited tenders, for Design, force, Construction, Installation, Upgradation, Operation and conservation of Middle Mile Network of BharatNet in 16 Packages/ Circles. BharatNet Phase- 3 Project is imaged for the Development( Creation, Upgradation and Operation & conservation) of Middle Mile Network of BharatNet on Design Build Operate and Maintain( DBOM) Model.
Rajesh Rai, Chairman and Managing Director, ITI Limited, said, “ We’re pleased to have surfaced as L1 for the prestigious BharatNet phase- 3 design in the countries of Himachal Pradesh and West Bengal, Sikkim, and Andaman & Nicobar islets. BharatNet is a nation erecting design and it gives me immense satisfaction to be part of the prosecution of this gigantic design. ”
ITI is primarily engaged in the business of Manufacture, trade & servicing of Telecommunication accoutrements and erecting communication network architectures using Internet Protocol( IP)/ Multi Protocol Marker Switching( MPLS) Technology, Optical Fibre Cable( OFC), Microwave Radio and Satellite communication channels. Further, Company is engaged in turnkey contracts results and provides tailored support.
