/ ITI Rallies Over 7%, Clocks Turnover Of Rs 1621 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 13 April 2017

ITI Limited, India’s first PSU, and a pioneering venture in the field of telecommunications, has reported consolidated turnover of Rs 1621 crore for the financial year 2016-17, which is the highest in the last six years.

The turnover witnessed around 30% increase as compared to the last fiscal. 

The stock soon after saw a massive jump by 7.6% in Thursday’s trade and a huge spurt in volume by more than 3.60 times, hitting its 52-week high mark of Rs 80.60 per share on the BSE.

The company recently has bagged orders through competitive bidding from BBNL, BSNL and will be getting an order from RailTel for supply of GPON equipment for Government of India’s flagship project “BharatNet”. The project will be providing broadband facility to over 2.5 lakh village panchayats in the country.

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