ITI Ltd shares zoom 20% to hit upper circuit, new record high in intraday trade

Around 1 pm today, the stock’s total traded value (TTV) stood at Rs 2,197.98 with 533.35 lakh shares traded. The company’s market capitalization stood at Rs 41,029.87 crore.

On charts, the stock has been in a consistent upward trend since October 2024, when the stock ended a brief phase of consolidation, taking support at the Rs 210 level. Since then, the stock has been making higher highs and higher lows.

The stock has been witnessing a surge in volumes since the month of November last year.

ITI Ltd share price history

Shares of ITI Ltd have increased by 37.3% in the last one year and by 38.5% in the last 6 months. In the last 3 months and 1 month too, the stock has surged by 66.5% and 49.2% respectively, according to the BSE analytics.

ITI Ltd technicals

Technically, the stock is placed well above all its significant short, medium and long-term exponential moving averages (10, 20, 50, 100 and 200 DEMA).Also read: DMart shares skyrocket 15% after Q3 update shows 17% YoY revenue growthOn the relative strength indicator (RSI), ITI shares are placed near the 64 mark, which indicates a mid-level range. An RSI below 30 is considered oversold, while above 70 indicates overbought conditions.

ITI Ltd is a company engaged in manufacturing, trading and servicing of telecommunication equipment, and rendering other associated and ancillary services. The company focuses on offering telephone communication services.

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