1000 per cent multibagger stock; This PSU company launched its own branded laptop and mini PC, Stock surged by 20 per cent yesterday and hit the upper circuit!
The stock has delivered an impressive return of 27 per cent within a month.
A renowned central PSU under the Ministry of Communications has introduced its own branded Laptop and Mini PC into the market. Furthermore, these laptops and Mini PCs meet international standards for quality and performance.
According to the details in the report, the product is named SMAASH, and it has already been deployed in the market. ITI Limited has also secured numerous tenders, competing successfully against MNC brands such as Acer, HP, Dell, and Lenovo.
The two flagship products of ITI Limited - Laptop and Micro PC have been designed in association with Intel Corporation, with which an MOU has been signed for design and manufacturing.
On September 11, the stock opened the day at Rs 125.70 and closed at Rs 149.40, marking a 20 per cent increase from the previous day's closing price of Rs 124.50 on the BSE. Furthermore, it reached its 52-week high price and hit the upper circuit, with significant trading volumes.
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The current market capitalization of the company stands at Rs 14,355 crore. The stock has delivered an impressive return of 27 per cent within a month and a multibagger return of 1000 per cent over the past decade.
The Micro PC is a GREEN solution product that performs computations like any other PC but with a significantly lower carbon footprint, helping to reduce e-waste. It consumes less power compared to conventional PCs, has a compact size, operates without moving parts like a fan, and boasts a long lifespan. In essence, SMAASH products save electricity, costs, and workspace.
More than twelve thousand SMAASH PCs have been deployed and are successfully operating at various customer sites. SMAASH PCs are available in various configurations, including i3, i5, i7, and more.
SMAASH laptops come in various configurations, including i3, i5, i7, and more. The base configuration with Celeron models is specially designed for students. ITI Limited recently won two tenders from KITE (Kerala Infrastructure and Technology for Education) and supplied around 9000 laptops to government schools in Kerala.
ITI Limited is involved in the manufacturing, trading, and servicing of telecommunication equipment, as well as providing various associated and ancillary services. The company primarily focuses on delivering telephone communication services.