Rs 1,41,25,69,71,059 Gained in Two Sessions by President of India’s Portfolio Stock; Losses Narrow, Sales Surge Over 300%!
One of the top performing stocks of 2025 so far
The week started on a disappointing note for market participants as benchmark indices fell sharply by over 1.6 per cent. The Sensex slipped below the 78,000 mark, and Nifty Bank plunged over 1,000 points, breaching the 50,000 mark.
Amid this chaos, ITI Limited stood tall, hitting a 20 per cent upper circuit and crossing a market cap of Rs 50,000 crore. The PSU stock also touched a fresh 52-week high on Monday.
Established in 1948 as a departmental factory, ITI Limited is a public sector undertaking in the telecommunications technology segment. The President of India holds an 89.97 per cent stake in the company, translating to 86.44 crore shares. In just two trading sessions, the stock gained Rs 163.4 per share, resulting in a notional gain of Rs 1,41,25,69,71,059—greater than the market cap of trending data center stock Black Box.
Product Portfolio:
The company offers a diverse range of products, including:
- Telecom equipment – GPON, MLLN products, SSTP, Wi-Fi access points, and modems.
- Defence solutions – Encryption units, TESD, and BEU.
- Infrastructure products – Optical fiber cables, HDPE ducts, and antennas.
- Diversified offerings – Smart energy meters, smart cards, solar panels, and mini PCs.
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Business Highlights:
ITI provides turnkey telecom solutions and has a dedicated Network Systems Unit for project execution. The company operates a data center in Bengaluru and is expanding to offer cloud-based services to government departments, banks, and MSMEs. Its services include managed security, professional IT services, and SoC platforms to combat cyber threats 24/7.
ITI also has a Telecom Test Lab, catering to diverse sectors like medical, automotive, and industrial. Its EMI/EMC Lab has been upgraded to military standards and accredited by NABL and TEC.
Financial Performance – Q2FY25:
- Losses narrowed to Rs 70 crore, down from Rs 126 crore in Q2FY24.
- Sales surged over 300 per cent to Rs 1,016 crore, compared to Rs 246 crore in Q2FY24.
Stock has gained over 100 per cent in the last three months, resulting into multibagger gains!
Disclaimer: The article is for informational purposes only and not investment advice.