ITI Share Price Surges Over 19%: Government-owned telecom equipment manufacturer ITI Limited witnessed a significant surge in its share price, closing at Rs 375.65 on Tuesday, marking a gain of over 19%. During the day’s trading, the company’s shares reached a high of Rs 378.15, touching a new 52-week high. This remarkable performance has doubled investors’ money in just four months, showcasing the company’s strong growth potential.
ITI Limited’s Impressive Returns: In just four months, ITI Limited’s shares have provided investors with returns of over 116%. On September 21, 2023, the share price stood at Rs 173.50, and by January 16, 2024, it had surged to Rs 375.65. This translates to a remarkable growth rate of more than double the investment in such a short period. The company’s shares have consistently performed well, with a 52-week high of Rs 378.15 and a low of Rs 86.50.
Stellar Performance in the Past Year: Over the course of the past year, ITI Limited’s shares have witnessed an impressive surge of 257%. Starting at Rs 105.25 on January 17, 2023, the share price soared to Rs 375.65 on January 16, 2024. This demonstrates the company’s consistent growth trajectory and its ability to generate substantial returns for its investors.
ITI Limited’s Shares Gain 316% in the Last 10 Months: ITI Limited’s shares have experienced a phenomenal growth rate of 316% in the past 10 months. On March 17, 2023, the government-owned company’s shares were trading at Rs 90.29. However, by January 16, 2024, the share price had skyrocketed to Rs 375.65. This remarkable surge in value highlights the company’s strong performance and investor confidence.
Continued Momentum: In the past month alone, ITI Limited’s shares have witnessed a surge of 26%. This sustained momentum further cements the company’s position as a reliable and profitable investment option. With consistent growth and impressive returns, ITI Limited is undoubtedly a stock to watch out for in the telecom equipment manufacturing sector.
With the government’s push for digital connectivity and the increasing demand for telecom equipment, ITI Limited’s strong performance and upward trajectory make it a promising investment opportunity. Investors can expect continued growth and substantial returns from this government-owned company.
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