Mon Jan 06 05:10:00 UTC 2025: ## Indian Telecom Firm ITI Ltd. Soars 20% on Strong Order Book

**Mumbai, January 3, 2025** – Shares of Indian Telephone Industries (ITI) Ltd., a leading telecommunications equipment manufacturer and solutions provider, surged 20 percent on Friday, hitting an upper circuit of Rs 457.10 per share. The dramatic increase, fueled by a robust order book and high trading volume, boosted the company’s market capitalization to Rs 36,614 crore.

ITI Ltd.’s stock has shown a consistent upward trend since November 2024, exceeding its 20, 50, 100, and 200-day simple moving averages, indicating strong bullish momentum. The increased trading volume further reflects growing investor confidence.

The company’s recent success includes winning a significant Rs 4,559 crore contract for Packages 8, 9, and 15 of the BharatNet Phase-3 Project. This project aims to expand internet connectivity across several Indian states. Additionally, ITI secured a Rs 300 crore order from the Bihar Renewable Energy Development Authority (BREDA) for the installation of solar streetlights.

These wins contribute to a substantial revenue increase. ITI’s revenue jumped 302 percent to Rs 1,030.87 crore in Q2FY24-25, while net losses decreased from Rs 126.01 crore to Rs 70.33 crore during the same period.

ITI Ltd., established in 1948, is a prominent public sector company offering a wide range of telecommunications products and services to various sectors including defense, railways, and smart cities. The company’s diverse portfolio includes switches, broadband and wireless communication solutions, optical fiber cables, and data networking products.

While the stock’s performance is currently strong, investors are reminded that market fluctuations pose inherent risks. This news report should not be considered financial advice.

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