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ITI rises on the bourses

12 Aug 2011 Evaluate

ITI is currently trading at Rs. 26.70, up by 0.10 points or 0.38% from its previous closing of Rs. 26.60 on the BSE.

The scrip opened at Rs. 26.70 and has touched a high and low of Rs. 27.45 and Rs. 26.10 respectively. So far 41,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 48.80 on 14-Sep-2010 and a 52 week low of Rs. 23.00 on 09-Aug-2011.

Last one week high and low of the scrip stood at Rs. 28.20 and Rs. 23.00 respectively. The current market cap of the company is Rs. 768.00 crore.

The promoters holding in the company stood at 92.98% while Institutions and Non-Institutions held 0.43% and 6.59% respectively.

In line with the recommendations made by the Board for Reconstruction of Public Sector Enterprises (BRPSE) the department of telecommunications (DoT) is now examining the feasibility of merging government telecom companies Indian Telephone Industries (ITI) and Mahanagar Telephone Nigam (MTNL) with state-run Bharat Sanchar Nigam (BSNL). The Dot has constituted a committee which is been headed by Member (Services), Telecom to examine the feasibility of merger.

In 2010, the Board for Reconstruction of Public Sector Enterprises had recommended the merger of loss-making telecom equipment manufacturing unit ITI and telecom service provider MTNL with major state-run telecom company BSNL. While BSNL and MTNL have already started work on synchronising their operations, government approval is still required for the merger.

BSNL is world's 7th largest Telecommunications Company providing comprehensive range of telecom services in India: Wireline, CDMA mobile, GSM Mobile, Internet, Broadband, Carrier service, MPLS-VPN, VSAT, VoIP services, IN Services etc. Presently it is one of the largest & leading public sector unit in India.

MTNL was set up by the Government of India to upgrade the quality of telecom services, expand the telecom network, and introduced new services and to raise revenue for telecom development needs of India's key metros -- Delhi and Mumbai.

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.  

ITI Share Price

302.80 8.35 (2.84%)
22-Apr-2026 14:32 View Price Chart
Peers
Company Name CMP
Tejas Networks 407.40
ITI 302.80
Sedemac Mechatronics 1706.75
Black Box 530.15
Quadrant Televenture 0.41
View more..

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