ITI Share Price |
Shares of many government companies are blowing up in the stock market. Today we are going to tell you about a PSU share which has given investors a huge profit. The name of this PSU share is ITI Limited. This company comes under the Ministry of Communications. The company is also involved in the business of own branded laptops and mini PCs.
There is competition in the market
According to the report, ITI Limited has successfully won several tenders competing with brands like Acer, HP, Dell and Lenovo.
This share is still on the upper circuit
Shares of ITI Limited have set highs today. The company’s stock is trading at 170.70 today, up 14.33 percent. So, in the last 5 trading days, the stock of this company has given a return of 35.58 percent to the investors. The share of this company has reached Rs 44.80 in the last 5 days.
The stock returned 85 percent in six months
Looking at the one month chart, the stock has returned 50.66 percent i.e. Rs 57.40 during this period. On August 14, the share of this company was at the level of Rs 113. The share has increased by 85.64 percent in a period of 6 months.
What is the business of this government company?
Talking about the business of ITI Limited, the company deals in manufacturing, trading and servicing of telecommunication equipment. ITI Limited was formerly known as Indian Telephone Industries Limited. It works under public sector. It is owned by the Department of Telecommunications, Ministry of Communications, Government of India. Along with this, the company mainly focuses on providing telecommunication services.
What is the market cap of the share?
The stock has a 52-week high of Rs 172.90 and a 52-week low of Rs 86.55. The current market capitalization of the company is Rs 14,355 crore. During the YTD period, the company’s share has increased by 60.51 percent.
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