Heavy buying PSU stock rallied over 10 per cent; FIIs increased their stake, President of India holds 90 per cent stake in the company!
The company's shares have delivered an impressive return of around 200 per cent to their shareholders.
ITI Limited is engaged in the manufacturing, trading, and servicing of telecommunication equipment, as well as rendering other associated and ancillary services. The company focuses on offering telephone communication services. The company's stock has witnessed heavy buying and was among the Top Gainers today. On the BSE, trading volumes surged by 14.30 times.
Ownership Stake
In March 2024, the promoters' stake stood at 90 per cent while FIIs held 0.11 per cent in which increased from 0.10 per cent. DIIs have maintained their stake at around 0.02 per cent.
Also, read How Rs 1,000 becomes Rs 1.40 crore in this share and generates returns of 13,88,285 per cent!
Share Performance and Financial Performance of ITI Limited
On Wednesday, the company's stock rallied 9.77 per cent and finally closed at around Rs 313.45 per share, with a market capitalisation of Rs 30,119 crore. Additionally, the stock has delivered a multibagger return of around 196.86 per cent in the past one year. In the past decade, the company’s stock has yielded a remarkable return of 1700 per cent.
In FY23 ITI reported revenue of Rs 1,395 crore, representing a year-on-year de-growth of 25 per cent from Rs 1,861 crore last year. The company posted an operating loss of Rs 154 crore, compared to a profit of Rs 109 crore last year. The company’s net loss stood at Rs 360 crore in the FY23. The company has not yet released its current Quarterly Results but will announce them soon.
As per the last annual report of the company, the order book position stands at Rs 11,460 crore.
Investors must keep this Large-Cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.