President of India-backed multibagger defence telecom equipment company to showcase its capabilities at Strategic Electronics Summit 2024
The stock gave multibagger returns of over 190 per cent from its 52-week low of Rs 108.25 per share.
ITI Limited, a leading Indian company, is excited to participate in the 13th edition of the Strategic Electronics Summit (SES) 2024. This prestigious event, organized by the Electronic Industries Association of India (ELCINA), is India's premier platform for promoting the domestic strategic electronics industry. SES 2024 will be held from July 17th to 18th, 2024, at The Lalit Ashok Hotel in Bengaluru.
During the summit, ITI Limited will join over 100 exhibitors in showcasing their cutting-edge technology and manufacturing capabilities. SES is a well-established event known for attracting key decision-makers and stakeholders from the Army, Air Force, Navy, Space, and Security & Surveillance sectors. This two-day event provides ITI Limited with a valuable opportunity to connect with potential clients, partners, and collaborators, aiming to build long-lasting relationships within the industry.
ITI Limited's Diverse Product Portfolio
At SES 2024, ITI Limited will be highlighting a wide range of products and solutions. These include:
- Defence and Security Encryption Products: ITI Limited offers secure communication solutions to protect sensitive information.
- Optical and Data Network Products: The company provides advanced technology for reliable data transmission.
- Passive Infrastructure Products: ITI Limited showcases products like Gigabit Passive Optical Network (GPON) and Manage Leased Line Products (MLLN) for robust network infrastructure.
- Additional Offerings: ITI Limited will also be presenting multi-capacity encryption units, smart energy meters, smart cards, solar panels, set-top boxes, mini personal computers and Internet of Things (IoT) products, demonstrating its diverse technological expertise.
Proven Track Record in Defence and Aviation
ITI Limited has a strong history of serving the Indian defence and aviation sectors. They are currently executing a project to upgrade the Indian Air Force's (IAF) 3G network to 4G, along with various other projects for the Indian Army. Additionally, ITI Limited has completed the first three phases of the ASCON project for the Indian Army and is now providing ongoing maintenance services for the network.
Innovative Digital Mobile Radio (DMR) Technology
One of ITI Limited's key highlights at SES 2024 will be their indigenously developed Digital Mobile Radio (DMR) technology. DMR utilizes digital technology and a time-division approach to offer superior efficiency, performance and spectrum usage compared to traditional analogue radios. This affordable and user-friendly solution is ideal for various applications, including military communications, public safety and industrial security. The DMR-based VHF/UHF radios offer versatility, functioning in both direct communication and multi-site environments.
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About ITI Ltd
Today, shares of ITI Ltd plunged 3.13 per cent to Rs 303.25 per share compared to the previous closing of Rs 313.05. The intraday high was Rs 314.80 while the intraday low was Rs 301.85.
ITI Ltd, a telecommunications company owned by the Indian government, manufactures and sells telecom equipment (including telephones and energy meters), offers services like manufacturing for other companies and equipment testing, and also tackles large-scale projects for internet access, defence communication and more.
The company has a market cap of over Rs 29,000 crore. As of March 2024, the promoters (President of India & Government of Karnataka) own a 90 per cent stake, FIIs own a 0.11 per cent stake, DIIs own a 0.02 per cent stake, the Government owns a 7.9 per cent stake and the public owns a 1.97 per cent stake. The stock gave multibagger returns of over 190 per cent from its 52-week low of Rs 108.25 per share. Investors should keep an eye on this mid-cap telecom stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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