ITI is currently trading at Rs. 108.00, down by 0.30 points or 0.28% from its previous closing of Rs. 107.70 on the BSE.
The scrip opened at Rs. 108.40 and has touched a high and low of Rs. 109.50 and Rs. 106.95 respectively. So far 41438 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 113.60 on 19-Jun-2020 and a 52 week low of Rs. 44.90 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 109.85 and Rs. 100.65 respectively. The current market cap of the company is Rs. 9963.54 crore.
The promoters holding in the company stood at 90.30%, while Institutions and Non-Institutions held 7.54% and 2.15% respectively.
ITI and Tech Mahindra have signed a Memorandum of Understanding (MoU) to work together in the areas of 4G & 5G smart networks, Smart Cities and Health Care services, in order to supplement country’s requirement of self-reliance in the area of Telecommunication.
ITI and Tech Mahindra will collaborate to create ‘Make in India’ stack as part of this MoU for the upcoming 4G & 5G opportunities in India. ITI, with more than seven decades of experience in manufacturing will productionise the 4G upgradeable to 5G Radio Access Network & related equipment in line with government’s initiative of Aatma Nirbhar Bharat. Tech Mahindra will be responsible for providing the software IPs, implementation and integration services, operations and maintenance services. This partnership intends to jointly build a framework that will provide solutions of the upcoming wireless technologies to different telecom service providers in the country and also address business opportunities globally.
ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment
