ITI Limited, a state-owned telecom equipment manufacturer, recently responded to a query from the National Stock Exchange (NSE) regarding the surge in its trading volume. The company clarified that it has no undisclosed information that could have led to the increase in trading activity.
At present, ITI Limited’s shares are trading at ₹380.50, showing a slight increase of 0.34 per cent. The company’s Director Finance & CFO, Rajeev Srivastava, stated that ITI Limited adheres to all SEBI listing obligations and disclosure requirements. He emphasized that the recent trading patterns were driven by market forces and not influenced by the company.
The stock has experienced significant trading activity, with a volume of 519.62 lakh shares and a traded value of ₹2,057.18 crore. ITI Limited’s total market capitalization is ₹36,667.45 crore, with a free float market cap of ₹3,648.97 crore. The stock reached its 52-week high of ₹413.85 on December 31, 2024.
Market depth data indicates ongoing interest in the stock, with buy orders for 20.27 lakh shares against sell orders for 24.91 lakh shares. ITI Limited maintains that it promptly discloses any material information that could impact its stock performance to the exchanges.
In conclusion, ITI Limited’s response to the NSE query and the current trading activity surrounding its stock highlight the company’s commitment to transparency and compliance with regulatory requirements. Investors and market participants continue to show interest in ITI Limited, making it a stock to watch in the coming days.
