&w=3840&q=100)
ITI Ltd share price hit 10% upper circuit in trade ahead of releasing Q4
ITI share price touched 10 per cent upper circuit in trade on Tuesday, May 27, 2025, at ₹309.1 per share on BSE. The buying on the counter came ahead of board to consider Q4 numbers and allotment of equity shares to the President of India.
At 11:22 AM, ITI Ltd shares were up 9.79 per cent at ₹308.5 per share on the BSE. In comparison, the BSE Sensex was up 0.41 per cent at 81,842.62. The market capitalisation of the company stood at ₹29,657.78 crore. The 52-week high of the stock was at ₹592.85 per share and the 52-week low of the stock was at ₹210.2 per share.
When will ITI Ltd release its Q4 results?
On MAy 19, 2025, through a filing, the company announced that its board will consider March quarter earnings and allotment of equity shares to the President of India in a meeting on May 27, 2025.
"We wish to inform you that a meeting of board of directors of the Company will be held on Tuesday, May 27, 2025, inter alia, to: consider and approve the Audited Financial Results (Standalone and Consolidated) for the Quarter and Year Ended 31.03.2025. Allotment of equity shares to the President of India on preferential basis, against capex infusion of ₹59 crore, as per revival package of BIFR order dated January 8, 2013," the filing read.
About ITI Ltd
ITI Limited is a public sector undertaking in the telecommunications technology segment established as a departmental factory in 1948. The company has manufacturing facilities in Bengaluru, Naini, Rae Bareli, Mankapur and Palakkad along with an R&D centre in Bengaluru and 11 Marketing, Services & Projects (MSP) centers in India, which are located at Bengaluru, Chennai, Hyderabad, Mumbai, Ahmedabad, Kolkata, Guwahati, Bhopal, Delhi, Lucknow and Chandigarh.
The company has 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
an hour ago
- News18
Quick Routes Int'l exits Zinka Logistics; pares 9% stake for Rs 672 cr
New Delhi, Jun 3 (PTI) Quick Routes International on Tuesday exited Zinka Logistics Solutions by selling a 9 per cent stake in the company for Rs 672 crore through open market transactions. Zinka Logistics Solutions is the parent entity of logistics unicorn Blackbuck. According to the bulk deal data available on the NSE, Quick Routes International sold more than 1.59 crore shares in two tranches, representing a 9 per cent stake in Zinka Logistics. The shares were offloaded in the price range of Rs 420.06-420.25 apiece, taking the combined transaction value to Rs 671.76 crore. In a separate transaction on the NSE, Peak XV Partners' affiliate Peak XV Partners Investments VI disposed of 12.10 lakh shares in Zinka Logistics Solutions for Rs 53 crore. The shares were sold at an average price of Rs 444.71 per piece, taking the deal size to Rs 53.84 crore. Meanwhile, Abu Dhabi Investment Authority, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, SBI Mutual Fund and Nomura India acquired a total of 83.87 lakh shares or cumulatively a 4.73 per cent stake in Bengaluru-based Zinka Logistics. Details of the other buyers of Zinka Logistics' shares could not be ascertained on the National Stock Exchange (NSE). In a separate bulk deal on the BSE, private equity firm Accel through its affiliates — Accel India IV (Mauritius) and Accel Growth Fund V — divested a 2.7 per cent stake in Zinka Logistics Solutions for Rs 204 crore through open market transactions. The shares were sold in the price range of Rs 420.04-420.29 per piece, taking the aggregate deal value to Rs 203.78 crore. Details of the other buyers of Zinka Logistics Solutions' shares could not be identified on the exchange. Shares of Zinka Logistics Solutions rose 1.43 per cent to close at Rs 443.75 apiece on the BSE, and it went up by 0.96 per cent to settle at Rs 441.85 per piece on the NSE. PTI HG AMJ AMJ AMJ First Published: June 04, 2025, 02:00 IST
New Indian Express
3 hours ago
- New Indian Express
Hyundai, Kia offload Ola Electric stakes via block deals
South Korean automakers - Hyundai Motor and Kia Corporation - have divested their entire shareholding in Ola Electric Mobility through block deals, marking a strategic exit from the loss-making electric two-wheeler manufacturer. Hyundai sold 10.8 crore shares at Rs 50.70 apiece, amounting to Rs 552 crore, while Kia sold 2.7 crore shares at Rs 50.55 each, amounting to Rs 138 crores, showed NSE bulk deal data. Shares of Ola Electric closed 8.12% lower at Rs 49.33 on the BSE on Tuesday, As of March 2025, BSE data shows that Hyundai held a 2.4% public stake in the company. Citigroup Global Markets Mauritius purchased 8.61 crore shares at Rs 50.55 per share, thus investing ₹437 crore investment in Ola Electric. The exit by Hyundai and Kia comes days after Ola Electric reported that its losses more than doubled to Rs 870 crore in the fourth quarter of financial year 2025 (Q4FY25) as against Rs 416 crore loss reported in the same quarter of last fiscal (Q4FY24). The company's revenue from operations dropped 59.5% year-on-year to Rs 716 crore. The fall in and bottomline and topline performance is primarily attributed to a sharp decline in sales amid increasing competition from legacy players. Vehicle deliveries came down to 51,375 units in Q4FY25 from 115,000 units in Q4FY24. The company, however, claims to have retained market leadership for FY25, with full-year deliveries coming at 359,000 units, up from 329,000 a year earlier.
Mint
5 hours ago
- Mint
Yes Bank bulk deal: Carlyle group sells 2.6% stake in Yes Bank for ₹1,775 crore; stock down 10%
Global investment firm Carlyle group on Tuesday sold a 2.6 per cent stake in private sector lender Yes Bank for ₹ 1,775 crore through open market transactions. The development comes after State Bank of India and seven other lenders last month announced that they will sell 20 per cent of their combined stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation for ₹ 13,483 crore. US-based Carlyle, through its affiliate CA Basque Investments, sold a total of 82 crore shares, representing a 2.62 per cent stake in Mumbai-based Yes Bank on the NSE and BSE, as per the bulk deal data on the bourses. The shares were disposed in the price range of ₹ 21.61-21.68 apiece, taking the combined transaction value to ₹ 1,774.89 crore. After the share sale, Carlyle's arm CA Basque Investments' holding in Yes Bank declined to 4.22 per cent from 6.84 per cent. Details of the buyers of Yes Bank's shares could not be ascertained on the BSE and the National Stock Exchange (NSE). Shares of Yes Bank declined 10.40 per cent to close at ₹ 20.85 apiece on the BSE, and it fell 10.01 per cent to settle at ₹ 20.95 per piece on the NSE. Last month, SBI and seven other lenders announced that they will sell 20 per cent of their combined stake in Yes Bank to Japan's SMBC for a consideration of ₹ 13,483 crore, making it the largest cross-border investment in the Indian banking sector. Following the completion of the transaction, SMBC will become the single-largest shareholder of Mumbai-based Yes Bank. Of the 20 per cent stake, SBI will dilute a 13.19 per cent stake in Yes Bank in favour of SMBC for a consideration of ₹ 8,889 crore, while 6.81 per cent shareholding will be offloaded by seven other lenders, including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank for about ₹ 4,594 crore. SBI and the seven investor lenders had invested in the bank as part of the YES Bank Reconstruction Scheme in March 2020. Mumbai-headquartered SBI, which owned a 24 per cent stake in Yes Bank, will be left with a little over 10 per cent stake after the dilution. SMBC is a wholly-owned subsidiary of Sumitomo Mitsui Financial Group, Inc (SMFG). SMFG is the second largest banking group in Japan with total assets of USD 2 trillion as of December 2024 with strong global presence. For the fourth quarter ended March 2025, Yes Bank reported a 63 per cent jump in standalone net profit at ₹ 738 crore as compared to ₹ 451.9 crore in the corresponding quarter a year ago.
