ITI Ltd Share Price – NSE /  BSE

Aerospace & Defence, Small Cap

ITI announced that in pursuance to the revised order of the AMRCD, the company has received further tranche of Rs. 25 crore from C-DOT, as part of executed sale agreement between ITI and C-DOT.

The balance remaining part of the consideration is expected to be received after completion of remaining statutory formalities by the company in this regard.

The AMRCD order stipulates that ITI transfer its 22.258 acres of land situated at Electronic City, Bangalore to C-DOT through a sale deed for a consideration of Rs. 200 crore.

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ITI Ltd lost 4.3% today to trade at Rs 349.05. The BSE Teck index is down 0.44% to quote at 17996.38. The index is up 3.89 % over last one month. Among the other constituents of the index, Infosys Ltd decreased 1.37% and Tech Mahindra Ltd lost 1.03% on the day. The BSE Teck index went up 13.85 % over last one year compared to the 10.26% surge in benchmark SENSEX.

ITI Ltd has added 36.59% over last one month compared to 3.89% gain in BSE Teck index and 1.52% rise in the SENSEX. On the BSE, 65790 shares were traded in the counter so far compared with average daily volumes of 1.32 lakh shares in the past one month. The stock hit a record high of Rs 592.85 on 07 Jan 2025. The stock hit a 52-week low of Rs 210.2 on 25 Oct 2024.

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The domestic equity benchmarks traded with moderate losses in the early-afternoon trade despite positive global cues, as fund outflows triggered by large block deals and heightened primary market activity weighed on investor sentiment. The Nifty traded below the 24,800 level. Metal shares extended losses for the second consecutive trading session.

At 12:30 ST, the barometer index, the S&P BSE Sensex, slipped 149.44 points or 0.19% to 81,402.19. The Nifty 50 index shed 47.05 points or 0.19% to 24,779.15.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.24% and the S&P BSE Small-Cap index added 0.68%.

The market breadth was positive. On the BSE, 2,066 shares rose and 1,686 shares fell. A total of 192 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.56% to 18.25. The Nifty 29 May 2025 futures were trading at 24,786.10, at a premium of 6.95 point as compared with the spot at 24,779.15.

The Nifty option chain for the 29 May 2025 expiry showed a maximum call OI of 240.3 lakh contracts at the 26,000 strike price. Maximum put OI of 122.5 lakh contracts was seen at 24,000 strike price.

Economy:

Foreign direct investment in India fell 24.5% year-on-year to $9.34 billion in the January-March quarter of 2024-25 but grew 13% at $50 billion during the entire previous financial year, according to the government data released on Tuesday. FDI inflows during January-March 2023-24 stood at $12.38 billion. These were $44.42 billion in the full 2023-24 fiscal. During the October-December quarter of 2024-25 also, the inflows were contracted by 5.6% year-on-year to $10.9 billion due to global economic uncertainties.

IMD Forecasts:

The India Meteorological Department (IMD), under the Ministry of Earth Sciences, has issued its updated Long-Range Forecast for the 2025 Southwest Monsoon season (June?September) along with the Monthly Rainfall and Temperature Outlook for June 2025. According to the forecast, the seasonal rainfall across the country as a whole is likely to be 106% of the Long Period Average (LPA), with a model error of ?4%, indicating a high probability of above-normal rainfall during the monsoon season.

Regionally, the rainfall is most likely to be above normal over Central India and the South Peninsular region, while Northwest India is expected to experience normal rainfall levels (ranging between 92-108% of LPA). In contrast, Northeast India is likely to receive below-normal rainfall (<94% of LPA).

Buzzing Index:

The Nifty Metal index slipped 0.64% to 9,235.40. The index declined 1.03% in past two consecutive trading sessions.

NMDC (down 2.21%), JSW Steel (down 1.26%), Hindalco Industries (down 1.15%), Steel Authority of India (down 0.77%), Vedanta (down 0.71%), Tata Steel (down 0.49%), Jindal Steel & Power (down 0.4%), APL Apollo Tubes (down 0.38%), Adani Enterprises (down 0.32%) and Jindal Stainless (down 0.32%) declined.

On the other hand, Welspun Corp (up 2.85%), Hindustan Copper (up 1.68%) and Hindustan Zinc (up 0.68%) edged higher.

Stocks in Spotlight:

ITI surged 8.04% after the company?s consolidated net loss narrowed to Rs 4.38 crore in Q4 FY25, compared with net loss of Rs 238.82 crore in Q4 FY24. Revenue from operations jumped 73.9% YoY to Rs 1,045.70 crore in Q4 FY25.

JK Lakshmi Cement shed 0.45%. The company reported a 3.08% decline in standalone net profit to Rs 137.96 crore in Q4 FY25 as against Rs 142.35 crore posted in the same quarter last year. However, revenue from operations increased by 5.52% year-on-year (YoY) to Rs 1,738.82 crore in the fourth quarter.

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Revenue from operations jumped 73.9% YoY to Rs 1,045.70 crore in Q4 FY25.

The company reported pre-tax loss of 4.38 crore in Q4 FY25, compared with pre-tax loss of Rs 238.82 crore in Q4 FY24.

Total expenses jumped 35.17% to Rs 1,148.29 crore in Q4 FY25, compared with Rs 849.49 crore in Q4 FY24. Cost of material consumed & services stood at Rs 294.16 crore (down 18.57% YoY), employee benefit expenses was at Rs 61.57 crore (down 2.13% YoY), finance cost (down 24.46% YoY) during the period under review.

For the full year, the company?s consolidated net loss narrowed to Rs 214.89 crore in FY25, compared with net loss Rs 568.92 crore in FY24. Revenue from operations zoomed 186.2% to Rs 3,616.42 crore in FY25.

Meanwhile, the company?s board approved allotment of equity shares on preferential basis to President of India against capex received of Rs 59 crore.

ITI is a public sector undertaking in the telecommunications technology segment. It offers a diverse suite of products including manufactured products like gigabit passive optical network (GPON), managed leased line network (MLLN) products, stand alone signaling transfer point(SSTP), wi-fi access point, radio modem, SMPS, set top box, defence products like multi-capacity encryption units, bulk encryption units (BEU), terminal end secrecy devices (TESD), passive infrastructure products such as optical fiber cable, HDPE duct, antenna, diversified products such as smart energy meters, smart cards, solar panels, mini personal computers.

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