Indian Telephone Industries Limited (ITI), which is the leading company of the Government of India in manufacturing electronic products, has registered a spectacular increase of up to 50% in its stock in the recent days. ITI’s stock, which was at Rs 221 at the beginning of November, has now crossed the level of Rs 334, which is its highest level in the last 10 months. The main reason for this rise has been the company getting big orders in the Bharatnet Phase-3 project.
Major achievement in BharatNet Phase-3 project
ITI Limited has recently received orders for three important packages for BharatNet Phase-3 project, whose total value is Rs 4,559 crore. This includes orders worth Rs 1,537 crore for Arunachal Pradesh, Nagaland and Manipur. Apart from this, the company has also received another order of Rs 3,022 crore for Himachal Pradesh. With these orders, ITI has achieved the position of ‘L1’ i.e. the lowest bidder, which further increases its future prospects.
Positive report of brokerage house
Market experts and brokerage houses are also showing a positive attitude towards ITI shares. According to reports, the company is expected to have a strong order book and better financial performance in the second half of 2025. Apart from this, rating agency Acuite has upgraded the rating of ITI’s bank loan facilities with a ‘stable’ outlook, which is increasing the confidence of investors towards the company.
Company History and Key Customers
ITI Limited was founded in 1948 and currently Government of India holds 90.28% stake in it. The company’s product portfolio covers telecommunication equipment, defense products, and many other government requirements. The company has been a major supplier to customers like BSNL, MTNL, Ministry of Defense, Ministry of Rural Development and is also playing a vital role in government initiatives like Make in India, Digital India, and Smart City.
Future Prospects
Brokerages and market experts believe that ITI’s financial position is likely to improve and new order books will help strengthen the company’s performance. The company’s order book has reached Rs 11,227.32 crore as of June 30, 2024, which is likely to further increase its revenue in the coming time.
As a result,
the rise in ITI shares in the last 5 days has attracted the attention of investors, and further rise is expected due to strong order book and the company’s active role in various government schemes.