CPSE Telecom Stock Trading Below Rs 200 Hits New 52-Week High, Gives 81% Returns In Six Months; Do You Own?

ITI Limited is a central public sector undertaking in the telecom sector. This CPSE stock has given blockbuster returns to its investors in six months. On September 12, the stock even touched a new 52-week high. The optimism in ITI comes because the company has developed its own branded Laptop and Micro PC in the market that matches international quality and performance. The stock currently trades below Rs 200 levels on exchanges.

On BSE, ITI Ltd shares ended at Rs 166.45 apiece on Tuesday, up by 11.41%. The stock was among the top performers on BSE during this day. Overall, the upside stood over 18% when it touched a new 52-week high of Rs 176.90 apiece.

The company's market value is at Rs 15,994 crore as of September 12, 2023.

In six months, the stock has rallied by nearly Rs 75 or 81% on BSE. From its 52-week low of Rs 86.50 apiece, the stock has nearly doubled with an upside of more than 92% on the exchange.

As per the 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.

Further, ITI's Micro PC - a GREEN solution product does the computation like any other PC with very little 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 a fan, and has a long life. In essence, SMAASH products save
electricity, cost, and workspace.

ITI highlighted that it deployed over 12,000 SMAASH PCs and is 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.

While SMAASH laptops have variants like i3, i5, i7 etc., and the base configuration with Celeron models is specially designed for students. ITI Limited has recently won two tenders from KITE- Kerala Infrastructure and Technology for Education and has supplied around 9000 laptops to the government schools in Kerala.

Moreover, the SMAASH products have acquired all the statutory certifications such as BIS - Bureau of Indian Standards, ROHS Restriction of Hazardous Substances, BEE - Bureau of Energy Efficiency, CE -European Conformity, FCC-Federal Communication Commission, and so on. SMAASH laptops and PCs are designed and manufactured for consistent performance.

ITI Limited, the country's premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in the telecommunications segment. The company has state-of-the-art manufacturing facilities in six locations (Bengaluru, Naini, Raebareli, Mankapur, Srinagar and Palakkad) along with an in-house R&D centre in Bengaluru and marketing, sales & projects (MSP) offices spread across the country.