Tue Jan 07 10:00:00 IST 2025: **ITI Shares Plummet 10% After Record High, Exchanges Seek Clarification**

**Mumbai, January 7, 2025** – ITI Limited (ITI) shares experienced a dramatic 10% drop on Tuesday, hitting their lower circuit breaker on both the BSE and NSE. This sharp decline follows a request for clarification from both exchanges regarding the stock’s significant price surge over the past two trading sessions.

The stock opened at ₹572.40 (BSE) and ₹575.15 (NSE), before plummeting to ₹491.25 and ₹489.95 respectively. The exchanges initiated their inquiry following a combined 43% increase in ITI’s share price on Friday and Monday.

ITI, a public sector undertaking under the Department of Telecommunications, has seen remarkable growth over the past year, with a 75% increase up until Monday’s close. This surge included hitting a 52-week low of ₹210.20 on October 25th and reaching an all-time high of ₹592.85 earlier today, before the significant drop.

The company attributed the recent price volatility to healthy financial results and the government’s emphasis on infrastructure development. ITI stated that it has responded to the exchanges’ request for clarification and is awaiting their response. The exchanges are seeking to ensure that investors have access to the latest relevant information.

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