ITI Ltd shares surge 20%, hit all-time high as trade volume surges

High trading volume

As of Friday, the stock had a total trade value of ₹3,794.94 crore with 892.47 lakh shares being traded, according to the National Stock Exchange (NSE).

The scrip rose 39.36% over the past five days and climbed 59.02% over the last month. It increased 48% over the past six months and rocketed 17% on a year-to-date basis.

The Public Sector Undertaking (PSU) hit its 52-week low of ₹210 per share on the NSE on October 25, 2024.

Market benchmark indices SENSEX and NIFTY settled nearly 1% lower under selling pressure.

BSE PSU index closed at 19,252.41, up by 84.06 points or 0.44%.

About the company

The company is involved in manufacturing, trading and servicing telecommunication equipment, and rendering other associated and ancillary services. It is also India’s leading provider of defence electronics products and systems.

ITI has a total market capitalisation of ₹43,922.14 crore as of January 3, as per the NSE.