This state-owned PSU stock gained over 12% this week on plans to launch an AI‑powered road safety project

ITI Ltd shares are in the spotlight for the second straight day. ITI stock rose over 8% intraday to a day high of ₹323.80 per share on NSE after rising 3.4% in the previous trading session.

As of 12:30 pm, ITI shares are trading over 5% higher at ₹315 per share with a market cap of ₹30,296 crore, while the stock is up over 12% this week. The recent rally in the ITI stock comes after the company announced an artificial intelligence (AI) and big data analytics‑driven pilot project for road safety in Uttar Pradesh in partnership with mLogica, a technology firm.

As part of the pilot project, the company will collect and analyse multi-source data like traffic flow data, driver performance, road infrastructure at the point of accident, environmental data, and accident reports during a six‑week prototype phase.

Using these data points, ITI Ltd will develop AI models capable of predicting accident black spots, identifying root causes and generating real‑time policy dashboards.

Following the successful trial, the AI system will be introduced across core transport functions, including faceless licensing and permits, revenue collection, e‑challan operations, modernised enforcement and the Vahan Sarathi registries.

The telecommunication equipment company recently secured CCTV surveillance and GIS-based Land Intelligence Management System contracts worth around ₹88 crore in the states of Odisha and Chhattisgarh.

In June 2025, ITI Ltd signed an agreement as the project implementing agency (PIA) with BSNL. The contract, valued at ₹1901 crore for Package-15 of the BharatNet Phase-3 Project. With this, ITI Limited has signed agreements with BSNL for three packages (8,9, & 15), taking the total order value to ₹6956 crore.

Despite today's rise, ITI Ltd shares are down over 18% so far this year. The stock has grown at a CAGR of 37% in the last three years and 17% in five years. Meanwhile, the company is yet to announce its latest quarterly earnings.