Mon Jan 06 05:10:00 UTC 2025: ## ITI Ltd. Stock Soars 70% Since April, Driven by Strong Q2 Results and Major Contract Win

**MUMBAI, INDIA** – Shares of ITI Ltd. experienced a dramatic surge today, marking their biggest single-day gain in nine months. The stock price closed at Rs 456.5, a 20% increase (Rs 76.20) from Friday’s opening. This surge follows a remarkable 70% increase since April 2024, pushing the company’s market capitalization to Rs 43,936.56 crore.

The significant price jump is attributed to a combination of factors. ITI Ltd. recently announced a Rs 95 crore contract from the Uttarakhand government for a Mining Digital Transformation & Surveillance System (MDTSS) project. Furthermore, the company reported exceptionally strong Q2FY25 results, showing a 312.31% year-on-year increase in net sales to Rs 1,016.20 crore. While the company reported a net loss, it was significantly narrowed to Rs 70.33 crore, a 44.19% year-on-year improvement. EBITDA also saw a substantial 114.1% year-on-year increase to Rs 6.09 crore.

High trading volumes, nearing 9 crore shares, further contributed to today’s price surge. Investors are reacting positively to the company’s growth trajectory, fueled by both the substantial government contract and impressive financial performance.

**Disclaimer:** *This news article reports on market activity. It is not investment advice. Consult with a certified financial expert before making any investment decisions.*

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