ITI Limited shares dropped by approximately 3% on the NSE today, trading at ₹284.10, down from the previous close of ₹292.39, as investors await the company’s financial performance for the second quarter of the current fiscal year. The stock, which is part of the NIFTY 500 index, has seen high trading activity with a volume of 74.32 lakh shares and a traded value of ₹214.44 crore.
Key Stock Information:
- 52-Week High: ₹384.30 (achieved on 17-Jan-2024)
- 52-Week Low: ₹210.00 (hit on 25-Oct-2024)
- Market Cap: ₹27,298.80 crore
- Volatility: Daily volatility stands at 3.60%, with an annualised volatility of 68.78%.
ITI has faced challenges over the past several quarters, with losses reported in the last eight quarters. As a key player in the telecom equipment and accessories sector, its upcoming Q2 FY25 results will provide insight into whether the company has managed to improve its financial position amid the evolving telecom landscape.
Investors will closely monitor the earnings release to assess the company’s trajectory and any strategic shifts that could help it navigate the challenging telecom equipment market.
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