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ITI gains on inking pacts with 58 start-up companies

04 Sep 2018 Evaluate

ITI is currently trading at Rs. 112.90, up by 0.85 points or 0.76% from its previous closing of Rs. 112.05 on the BSE.

The scrip opened at Rs. 111.80 and has touched a high and low of Rs. 115.45 and Rs. 111.35 respectively. So far 212695 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.90 on 26-Oct-2017 and a 52 week low of Rs. 72.00 on 05-Jun-2018.

Last one week high and low of the scrip stood at Rs. 119.80 and Rs. 90.90 respectively. The current market cap of the company is Rs. 10136.10 crore.

The promoters holding in the company stood at 93.76%, while Institutions and Non-Institutions held 4.06% and 2.18% respectively.

ITI has signed agreements with 58 start-up companies manufacturing solutions related to information and communication technology (ICT), Internet of Things (IoT) and defence technology, to provide fillip to entrepreneurship.

These agreements were signed during the first ICT-IoT Expo on the sprawling premises of ITI in Bengaluru, among the 400 startups, 58 have been shortlisted.

ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.

Peers
Company Name CMP
Black Box 765.70
ITI 255.40
Tejas Networks 524.70
Quadrant Televenture 0.76
Valiant Communicatns 1259.90
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