Multibagger PSU Stock Under Ministry of Communication Rallies 58% In 1-Week

Shares of ITI Ltd, public sector undertaking under Ministry of Communications, offered shareholders 57.79% in a span of just 1-week. Last trading price of ITI share is Rs 196.45 per share as on September 15 with marginal intraday fall of 0.03%. ITI stock witnessed gain after the company in its September 11 BSE filing announced that it developed its own branded Laptop and Micro PC in the market that matched international quality and performance. Check details below:

ITI Develops Its Own Branded Laptop, Shares Rally: According to the September 11 regulatory filing, "Branded as 'SMAASH', the products have already been deployed in the market, and ITI Limited has won many tenders competing against MNC brands like Acer, HP, Dell and Lenovo. The two flagship products - Laptop and Micro PC have been designed in association with Intel Corporation with which an MOU has been signed for design and manufacturing."

ITI Limited's Micro PC - a GREEN solution product does the computation like any other PC with very less Carbon Footprint and considerably reduces e-waste. It consumes less power as compared to conventional PCs, is of small size, has no moving parts like fan, and has a long life. In essence, SMAASH products save electricity, cost, and workspace, added the BSE filing.

More than twelve thousand SMAASH PCs have been deployed and are successfully performing at various customer sites. SMAASH PC comes in variants like i3, i5, i7 and so on. One of the solutions that ITI Limited offers is the SMAASH PCs with solar solutions. The SMAASH PCs are highly compatible with solar solutions since they take DC input.

Rajesh Rai, Chairman and Managing Director of ITI Limited said, "I am very elated to state that we have developed SMAASH, our branded laptop and Mini PC. Our talented Palakkad Team has put in all-out efforts to make this feat possible."

ITI Stock Performance & Return: Last trading price of ITI stock is Rs 196.45 on BSE. Its 52-week high price is Rs 213.30 per share and 52-week low price is Rs 86.50 per share, respectively. Its market capitalisation is Rs 18,876.62 crore. ITI shares rose 83% in last 3-months, gained 116% in last 6-months, offered 75% return in last 1-year, and gained 50% in last 3-years. ITI stock jumped 1290% in last 10-years.

About: ITI Limited is a public sector undertaking in the telecommunications technology segment established as a departmental factory in 1948. 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, etc, according to its official website.

Disclaimer: The stock just highlights the rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.