Latest news with #ITILtd
Business Standard
4 days ago
- Business
- Business Standard
Tanla Platforms Ltd Falls 1.93%
Tanla Platforms Ltd has added 14.18% over last one month compared to 3.41% gain in BSE Teck index and 0.91% drop in the SENSEX Tanla Platforms Ltd lost 1.93% today to trade at Rs 663.35. The BSE Teck index is down 0.58% to quote at 18419.46. The index is up 3.41 % over last one month. Among the other constituents of the index, ITI Ltd decreased 1.75% and PB Fintech Ltd lost 1.36% on the day. The BSE Teck index went up 10.54 % over last one year compared to the 5.19% surge in benchmark SENSEX. Tanla Platforms Ltd has added 14.18% over last one month compared to 3.41% gain in BSE Teck index and 0.91% drop in the SENSEX. On the BSE, 3908 shares were traded in the counter so far compared with average daily volumes of 1.7 lakh shares in the past one month. The stock hit a record high of Rs 1086.05 on 15 Jul 2024. The stock hit a 52-week low of Rs 409.4 on 03 Mar 2025.
Business Standard
30-05-2025
- Business
- Business Standard
ITI Ltd Falls 4.3%
ITI Ltd has added 36.59% over last one month compared to 3.89% gain in BSE Teck index and 1.52% rise in the SENSEX ITI Ltd lost 4.3% today to trade at Rs 349.05. The BSE Teck index is down 0.44% to quote at 17996.38. The index is up 3.89 % over last one month. Among the other constituents of the index, Infosys Ltd decreased 1.37% and Tech Mahindra Ltd lost 1.03% on the day. The BSE Teck index went up 13.85 % over last one year compared to the 10.26% surge in benchmark SENSEX. ITI Ltd has added 36.59% over last one month compared to 3.89% gain in BSE Teck index and 1.52% rise in the SENSEX. On the BSE, 65790 shares were traded in the counter so far compared with average daily volumes of 1.32 lakh shares in the past one month. The stock hit a record high of Rs 592.85 on 07 Jan 2025. The stock hit a 52-week low of Rs 210.2 on 25 Oct 2024.
Mint
28-05-2025
- Business
- Mint
ITI shares surge 9% as Q4 loss narrows sharply, revenue jumps nearly 74%
Shares of ITI Ltd rallied sharply on Wednesday, May 28, climbing as much as 9 percent in intra-day trade after the company reported a substantial improvement in its March quarter earnings. The stock touched a high of ₹ 336.75, marking its strongest level since January 30, 2025. Investor confidence was bolstered by ITI's March 2025 quarter results, which showed a significant reduction in net losses and a robust improvement in revenue. The company reported a net loss of just ₹ 4.4 crore, compared to a steep ₹ 239 crore loss in the corresponding quarter of the previous year. Revenue for the quarter surged 73.9 percent year-on-year, reaching ₹ 1,046 crore from ₹ 601 crore in Q4FY24. Furthermore, EBITDA loss narrowed to ₹ 28.2 crore from ₹ 174 crore, indicating a meaningful improvement in the company's operational performance. In addition to the strong earnings, ITI announced that its Board of Directors approved the allotment of equity shares on a preferential basis to the President of India, against a CAPEX infusion of ₹ 59 crore in line with a BIFR Order dated January 8, 2013. Founded in 1948, ITI Limited is India's first public sector undertaking (PSU) in the telecommunications space. Over the years, it has built a strong manufacturing footprint with facilities in Bengaluru, Naini, Rae Bareli, Mankapur, and Palakkad, and a dedicated R&D centre in Bengaluru. The company also operates 11 Marketing, Services & Projects (MSP) centres across India in cities such as Mumbai, Chennai, Hyderabad, Kolkata, Delhi, and Chandigarh, among others. ITI's diverse product portfolio includes advanced telecom and defence equipment such as Gigabit Passive Optical Networks (GPON), Managed Leased Line Network (MLLN) products, Wi-Fi access points, encryption units, smart energy meters, smart cards, and mini PCs. It also manufactures passive infrastructure products like optical fibre cables, HDPE ducts, and antennas. Following Wednesday's rally, ITI shares were trading 43 percent below their 52-week high of ₹ 592.85, hit in January 2025. However, the stock has recovered significantly from its 52-week low of ₹ 210.20, touched in October 2024—marking a rebound of over 60 percent. Over the past year, the PSU stock have declined 8.5 percent, but recent months have shown a turnaround. The stock has gained 29.5 percent in May alone, following a 2.5 percent rise in April and a 1.2 percent gain in March. Prior to this recovery, it had shed 16 percent in January and 24 percent in February. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
27-05-2025
- Business
- Business Standard
ITI Ltd share price hit 10% upper circuit in trade ahead of releasing Q4
ITI share price touched 10 per cent upper circuit in trade on Tuesday, May 27, 2025, at ₹309.1 per share on BSE. The buying on the counter came ahead of board to consider Q4 numbers and allotment of equity shares to the President of India. At 11:22 AM, ITI Ltd shares were up 9.79 per cent at ₹308.5 per share on the BSE. In comparison, the BSE Sensex was up 0.41 per cent at 81,842.62. The market capitalisation of the company stood at ₹29,657.78 crore. The 52-week high of the stock was at ₹592.85 per share and the 52-week low of the stock was at ₹210.2 per share. When will ITI Ltd release its Q4 results? On MAy 19, 2025, through a filing, the company announced that its board will consider March quarter earnings and allotment of equity shares to the President of India in a meeting on May 27, 2025. "We wish to inform you that a meeting of board of directors of the Company will be held on Tuesday, May 27, 2025, inter alia, to: consider and approve the Audited Financial Results (Standalone and Consolidated) for the Quarter and Year Ended 31.03.2025. Allotment of equity shares to the President of India on preferential basis, against capex infusion of ₹59 crore, as per revival package of BIFR order dated January 8, 2013," the filing read. About ITI Ltd ITI Limited is a public sector undertaking in the telecommunications technology segment established as a departmental factory in 1948. The company has manufacturing facilities in Bengaluru, Naini, Rae Bareli, Mankapur and Palakkad along with an R&D centre in Bengaluru and 11 Marketing, Services & Projects (MSP) centers in India, which are located at Bengaluru, Chennai, Hyderabad, Mumbai, Ahmedabad, Kolkata, Guwahati, Bhopal, Delhi, Lucknow and Chandigarh. The company has a diverse suite of products including manufactured products like Gigabit Passive Optical Network (GPON), Managed Leased Line Network (MLLN) products, Stand Alone Signaling Transfer Point(SSTP), Wi-Fi Access Point, Radio Modem, SMPS, Set Top Box, Defence products like multi-capacity encryption units, Bulk encryption Units (BEU), Terminal End Secrecy Devices (TESD), Passive infrastructure products such as Optical Fiber Cable, HDPE duct, Antenna, diversified products such as smart energy meters, smart cards, solar panels, mini personal computers.
Business Standard
27-05-2025
- Business
- Business Standard
Bayer CropScience Ltd leads gainers in 'A' group
ITI Ltd, Avantel Ltd, Schneider Electric Infrastructure Ltd and AWL Agri Business Ltd are among the other gainers in the BSE's 'A' group today, 27 May 2025. ITI Ltd, Avantel Ltd, Schneider Electric Infrastructure Ltd and AWL Agri Business Ltd are among the other gainers in the BSE's 'A' group today, 27 May 2025. Bayer CropScience Ltd soared 11.84% to Rs 5737.3 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 29990 shares were traded on the counter so far as against the average daily volumes of 1098 shares in the past one month. ITI Ltd surged 9.50% to Rs 307.7. The stock was the second biggest gainer in 'A' group. On the BSE, 5.69 lakh shares were traded on the counter so far as against the average daily volumes of 48541 shares in the past one month. Avantel Ltd spiked 8.75% to Rs 139.8. The stock was the third biggest gainer in 'A' group. On the BSE, 13.56 lakh shares were traded on the counter so far as against the average daily volumes of 4.21 lakh shares in the past one month. Schneider Electric Infrastructure Ltd spurt 7.33% to Rs 728.2. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.56 lakh shares were traded on the counter so far as against the average daily volumes of 30073 shares in the past one month. AWL Agri Business Ltd gained 5.77% to Rs 274. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.54 lakh shares were traded on the counter so far as against the average daily volumes of 1.44 lakh shares in the past one month.
