# ITI (ITI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/iti

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹248.65
- Change: -0.66%
- As of: 2026-11-06
- 1D return: -0.66%
- 5D return: +15.14%
- 1M return: +4.84%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

ITI (₹248.65) exhibits a sharp divergence between daily momentum and longer-term structure. On the daily chart, price sits above the 20-period EMA and SMA with a bullish Supertrend, supported by an established trend strength (ADX 26.0). This short-term positioning is reinforced by extreme volume participation on November 2nd (+103x ratio) and November 3rd, alongside an active weekly Morning Star pattern.

However, this daily bounce occurs within a broader downtrend. The stock remains below key long-term averages (50-period and 200-period SMAs) on the daily timeframe, and both the weekly and monthly charts show bearish Supertrends with weak to developing trend strength (ADX 13.41 and 20.12, respectively). The stock is trading in the lower-middle of its 252-day range (+30.5%) and has suffered a significant maximum drawdown of -60.4%.

Near-term resistance lies at ₹251.59 (pivot, +1.18%) and ₹255.92 (high, +2.92%). Support is immediate at ₹246.55 (-0.85%) and ₹245.96 (-1.08%). The setup suggests a volatile relief rally rather than a confirmed reversal; a sustained break above ₹255.92 with continued high volume would be required to challenge the prevailing weekly and monthly bearish bias.

- Daily trend is bullish (price above 20/50 EMAs, Supertrend up), but weekly and monthly trends remain bearish (price below all major averages and Supertrend).
- Extreme volume anomalies recorded on Nov 2 (103x ratio) and Nov 3 (25x ratio) indicate high participation during the recent upward move.
- Immediate resistance at ₹251.59 (+1.18%) and ₹255.92 (+2.92%); support at ₹246.55 (-0.85%) and ₹245.96 (-1.08%).
- Stock trades in the lower-middle of its 252-day range (+30.5%) with a maximum drawdown of -60.4%, highlighting significant historical weakness.

- Morning Star
- Doji
- Outside Bar
- Bearish Engulfing Reversal
- Evening Star
- Inside Bar

### News Context

On November 2, 2026, ITI shares surged to a 20% upper circuit on the National Stock Exchange (NSE), reflecting strong trading volume and positive market sentiment. This move contributes to an 111% total return over the past five years. The stock's valuation is currently under scrutiny by analyst Harshal Dasani, who highlights structural concerns including revenue declines in FY26 and a heavy reliance on gains from land sales rather than core operational growth. Despite these headwinds, the company maintains a substantial ₹13,900 crore order book, which includes significant components related to the BharatNet project. While the immediate price action indicates bullish momentum, the underlying financial mix suggests that future performance may depend heavily on the execution of government-linked contracts versus one-time asset monetization.

- Stock Action: ITI shares hit a 20% upper circuit on the NSE on November 2, 2026, adding to an 111% five-year return.
- Valuation Concerns: Analyst Harshal Dasani cites FY26 revenue declines and dependence on land-sale gains as key valuation risks.
- Order Book Strength: The company holds a ₹13,900 crore order book, with notable exposure to BharatNet infrastructure projects.

- [ITI shares: 111% returns in 5 years! Telco stock price hits 20% upper circuit | Time to book profits or hold?](https://www.livemint.com/market/stock-market-news/iti-shares-111-returns-in-5-years-telco-stock-price-hits-20-upper-circuit-time-to-book-profits-or-hold-11793599149687.html)

### Official Filings

ITI Limited’s disclosures for early November 2026 highlight a convergence of governance updates and market surveillance activity. The company held its 76th Annual General Meeting on November 4, 2026, where shareholders approved the audited financial statements for FY ended March 31, 2026, and reappointed key leadership. Notably, Lt. Gen. Vivek Dogra and Shri Sanjiwan Sinha were appointed as Government Directors, while Shri Ajai Kumar Srivastava joined as Director Production. The Scrutinizer’s Report confirming these voting results was submitted to the NSE on November 5.

Concurrently, the National Stock Exchange initiated surveillance inquiries on October 31 regarding significant price and volume movements in ITI’s shares. On November 3, ITI responded by attributing the trading activity solely to market conditions and asserting compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, stating no pending material events existed at that time. Additionally, earlier in October, the Comptroller and Auditor General of India appointed S Viswanathan LLP as the statutory auditor for FY 2026–27, with five other firms designated as branch auditors. Shareholding data as of September 30, 2026, indicates promoters hold 90.02% of equity, leaving 9.98% in public hands.

- Governance Update: Shareholders approved FY 2025-26 financials and board composition changes on Nov 4, 2026; Scrutinizer’s Report filed Nov 5, 2026.
- New Appointments: Lt. Gen. Vivek Dogra and Shri Sanjiwan Sinha appointed as Government Directors; Shri Ajai Kumar Srivastava as Director Production.
- Market Surveillance: NSE questioned significant price/volume spikes observed late Oct/early Nov; ITI attributed movement to market conditions and denied pending material disclosures.
- Audit & Ownership: C&AG appointed S Viswanathan LLP as statutory auditor for FY 2026-27; Promoter holding stands at 90.02% as of Sep 30, 2026.

- [ITI Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on November 04, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/ITI_05112026131034_SE_Scrutinizer_Report_Signed.pdf)
- [MEETING DATE : 04-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1753454_05112026023802_WEB.xml)
- [MEETING DATE : 04-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1753451_05112026023521_WEB.xml)
- [ITI Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on November 04, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/ITI_04112026183149_SE_AGM_Proceedings_Signed.pdf)
- [Significant increase in volume has been observed in ITI Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited. |SUBJECT: Spurt in Volume](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- [Significant increase in volume has been observed in ITI Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ITI Limited has submitted their response. |SUBJECT: Spurt in Volume](https://nsearchives.nseindia.com/corporate/ITI_03112026185942_Volume_Movement_Reply.pdf)
- [Significant movement in price has been observed in ITI Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited. |SUBJECT: Price movement](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- [ITI Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors](https://nsearchives.nseindia.com/corporate/ITI_19102026171550_SE_Intimation_Statutory_Auditor_Appointment_Signed.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 90.02 | PUBLIC_VAL: 9.98 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 17-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740934_17102026060658_WEB.xml)
- [ITI Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/ITI_15102026120847_Signed_DF_Ext_.pdf)

### Fundamentals

ITI’s financial trajectory shows a sharp pivot from operational losses to reported profitability, driven primarily by non-operating factors rather than core sales growth. In Q1 FY2026-27, revenue fell 32% sequentially to ₹425.03 crore, and the company posted a net loss of ₹32.25 crore (EPS: -₹0.33), reversing the ₹375.14 crore profit recorded in Q4 FY2025-26. This deterioration highlights the fragility of operating margins, as finance costs remained significant at ₹29.98 crore despite a drop in other expenses.

However, the annual picture for Mar 2026 presents a contrasting narrative of improved balance-sheet health and earnings quality. Borrowings declined steadily from ₹1,801 crore in Mar 2024 to ₹765 crore in Mar 2026, while CWIP collapsed from ₹142 crore to ₹16 crore, signaling reduced capital intensity. Crucially, cash conversion improved dramatically; CFO/EBITDA rose from -306% in Mar 2024 to 70% in Mar 2026, and ROCE turned positive at 2%. The TTM EPS is reported at ₹3.36, up from -₹2.43 in Mar 2025, though this appears heavily influenced by a surge in 'Other Income' to ₹503 crore in Mar 2026 compared to ₹120 crore previously. While leverage is decreasing, the reliance on non-operating income to sustain profitability remains a key observation.

- Q1 FY2026-27 Net Profit swung to a loss of ₹32.25 crore (EPS: -₹0.33) as Revenue dropped 32% sequentially to ₹425.03 crore, reversing Q4's ₹375.14 crore profit.
- Borrowings decreased significantly over three years, falling from ₹1,801 crore (Mar 2024) to ₹765 crore (Mar 2026), alongside a near-total reduction in CWIP.
- Cash conversion quality improved markedly, with CFO/EBITDA rising from -306% (Mar 2024) to 70% (Mar 2026), and ROCE turning positive at 2%.
- TTM profitability (Net Profit: ₹324 crore) is structurally supported by high 'Other Income' (₹501 crore TTM), which dwarfs Operating Profit (₹53 crore TTM).

### Bear Case

ITI faces significant valuation and operational headwinds despite recent price momentum. Analyst commentary highlights FY26 revenue declines and a heavy reliance on non-recurring land-sale gains, suggesting core earnings may not support current multiples. The stock's ₹13,900 crore order book is heavily weighted toward BharatNet components, introducing execution and concentration risks. Technically, the monthly trend remains bearish with an ADX of 20.12, indicating weak underlying momentum despite daily bullish signals. Long-term performance is severely depressed, with a year-to-date return of -20.0% and a maximum drawdown of -60.4%, reflecting substantial investor losses over the past year.

- FY26 revenue declines and reliance on land-sale gains raise concerns about sustainable profitability and valuation justification.
- Monthly technical trend is bearish (ADX 20.12), contrasting with short-term daily strength and signaling weaker medium-term momentum.
- Long-term returns remain negative: YTD -20.0%, 1-year -21.3%, with a maximum drawdown of -60.4% highlighting high volatility and capital erosion.
- Order book concentration in BharatNet components underlines execution dependency within the ₹13,900 crore total pipeline.

- [ITI shares: 111% returns in 5 years! Telco stock price hits 20% upper circuit | Time to book profits or hold?](https://www.livemint.com/market/stock-market-news/iti-shares-111-returns-in-5-years-telco-stock-price-hits-20-upper-circuit-time-to-book-profits-or-hold-11793599149687.html)
- [ITI Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on November 04, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/ITI_05112026131034_SE_Scrutinizer_Report_Signed.pdf)
- [MEETING DATE : 04-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1753454_05112026023802_WEB.xml)
- [MEETING DATE : 04-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1753451_05112026023521_WEB.xml)
- [ITI Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on November 04, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/ITI_04112026183149_SE_AGM_Proceedings_Signed.pdf)
- [Significant increase in volume has been observed in ITI Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited. |SUBJECT: Spurt in Volume](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- [Significant increase in volume has been observed in ITI Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ITI Limited has submitted their response. |SUBJECT: Spurt in Volume](https://nsearchives.nseindia.com/corporate/ITI_03112026185942_Volume_Movement_Reply.pdf)
- [Significant movement in price has been observed in ITI Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited. |SUBJECT: Price movement](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- [ITI Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors](https://nsearchives.nseindia.com/corporate/ITI_19102026171550_SE_Intimation_Statutory_Auditor_Appointment_Signed.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 90.02 | PUBLIC_VAL: 9.98 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 17-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740934_17102026060658_WEB.xml)

### FAQs

**What corporate governance changes occurred at ITI's recent Annual General Meeting?**

At the 76th AGM held on November 4, 2026, shareholders approved the audited financial statements for FY ended March 31, 2026. Key appointments included Lt. Gen. Vivek Dogra and Shri Sanjiwan Sinha as Government Directors, and Shri Ajai Kumar Srivastava as Director Production. Shri C V Ramana Babu was reappointed as a Director, and remuneration for statutory and cost auditors for FY 2026-27 was authorized.

**How has ITI's stock performance varied across different time horizons?**

Over the past year, ITI shares have declined by -21.3%, with a year-to-date return of -20.0%. The stock is currently down -34.9% since the start of the tracking period. However, it has gained +15.4% over the last 10 days and +15.1% over the last five years. The most recent trading session saw a slight decline of -0.7%.

**What are the current technical support and resistance levels for ITI shares?**

As of November 6, 2026, with the share price closing at ₹248.65, immediate resistance is noted at ₹251.59 (pivot) and ₹255.92 (high). Support levels are identified at ₹246.55 and ₹245.96 (low). The daily trend shows a bullish super-trend direction, while the monthly and weekly trends remain bearish, indicating mixed short-term momentum against a longer-term downtrend.

- [ITI shares: 111% returns in 5 years! Telco stock price hits 20% upper circuit | Time to book profits or hold?](https://www.livemint.com/market/stock-market-news/iti-shares-111-returns-in-5-years-telco-stock-price-hits-20-upper-circuit-time-to-book-profits-or-hold-11793599149687.html)
- [ITI Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on November 04, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/ITI_05112026131034_SE_Scrutinizer_Report_Signed.pdf)
- [MEETING DATE : 04-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1753454_05112026023802_WEB.xml)
- [MEETING DATE : 04-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1753451_05112026023521_WEB.xml)
- [ITI Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on November 04, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/ITI_04112026183149_SE_AGM_Proceedings_Signed.pdf)
- [Significant increase in volume has been observed in ITI Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited. |SUBJECT: Spurt in Volume](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- [Significant increase in volume has been observed in ITI Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ITI Limited has submitted their response. |SUBJECT: Spurt in Volume](https://nsearchives.nseindia.com/corporate/ITI_03112026185942_Volume_Movement_Reply.pdf)
- [Significant movement in price has been observed in ITI Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited. |SUBJECT: Price movement](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- [ITI Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors](https://nsearchives.nseindia.com/corporate/ITI_19102026171550_SE_Intimation_Statutory_Auditor_Appointment_Signed.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 90.02 | PUBLIC_VAL: 9.98 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 17-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740934_17102026060658_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Insufficient History
- Pivot point: ₹251.59
- Risk regime: Higher Price Risk

### Support levels
- 246.54500000000002
- 237.01375000000002
- 214.39

### Resistance levels
- 259.9
- 295.791640625
- 319.2875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.66% |
| return_10 | +15.45% |
| return_1m | +0.33% |
| return_1y | -21.28% |
| return_20 | +4.84% |
| return_3m | -13.44% |
| return_5 | +15.14% |
| return_6m | -17.69% |
| return_since_start | -34.87% |
| return_ytd | -20.01% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -60.43% |
| annualized_volatility | +58.27% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Quarterly loss narrows year-on-year as revenue slips to a five-quarter low

The company reported a net loss of ₹32.25 crore for the quarter, roughly half the ₹63.61 crore loss in the same period a year earlier. The improvement came despite revenue falling to its lowest level in five quarters. While the immediately preceding quarter had posted a significant profit, the current result returns to the loss-making pattern seen in most recent periods, with a sharp decline in finance costs helping to contain the deficit.

## Revenue contracts to lowest level in five quarters

Revenue from operations was ₹425.03 crore, down 14.65% from ₹498.01 crore in the same quarter last year. On a sequential basis, revenue fell 32.28% from ₹627.65 crore in the previous quarter.

Over the past five quarters, revenue has ranged between ₹425.03 crore and ₹627.65 crore. The current quarter sits at the bottom of that range, reflecting a year-on-year contraction in the top line.

## Profitability improves despite lower revenue

Profit before tax was a loss of ₹32.47 crore, an improvement of ₹30.85 crore compared with the loss of ₹63.32 crore a year ago. Net loss followed a similar path, narrowing from ₹63.61 crore to ₹32.25 crore. The tax impact remained negligible in both periods, with the difference between pre-tax and net results staying within ₹0.3 crore.

The quarterly sequence shows four loss-making periods and one profitable quarter. The previous quarter (ended March 2026) reported a profit before tax of ₹375.36 crore, an outlier relative to the surrounding quarters. The current loss of ₹32.47 crore is narrower than the losses in the first two quarters of the prior year (₹63.32 crore and ₹54.23 crore) but wider than the third-quarter loss of ₹25.59 crore.

## Finance costs and other expenses

Finance costs fell sharply to ₹29.98 crore, down 41.07% from ₹50.87 crore in the same quarter a year ago. This reduction contributed ₹20.89 crore to the improvement in pre-tax loss. Sequentially, finance costs dropped 62.91% from ₹80.82 crore in the previous quarter, which had been elevated relative to the ₹47–53 crore range seen in the first three quarters of the prior year. The current quarter’s level sits below that entire range.

Other expenses totaled ₹19.98 crore, a modest increase of 16.3% from ₹17.18 crore a year ago. However, this represents a substantial step down from the ₹116.34 crore recorded in the immediately preceding quarter. Other expenses have returned to a level close to the prior-year quarter, following a spike in the previous period.

The improvement in pre-tax loss (₹30.85 crore) was larger than the reduction in finance costs (₹20.89 crore), even as revenue declined and other expenses increased.

## Management Commentary

Management reported a consolidated net loss of Rs. 3,225 lakhs for Q1 FY27, narrower than the Rs. 6,361 lakhs loss in Q1 FY26. They emphasized a strong order book of Rs. 13,88,281 lakhs and a plan to convert Rs. 2,34,615 lakhs of unbilled revenue into billed revenue within 12 months by completing contract milestones. The company continues to operate under a CCEA-approved revival plan with financial assistance of Rs. 415,879 lakhs, of which Rs. 3,08,435 lakhs has been received. Management cited government support, adequate working capital, and land monetization as key to maintaining the going concern assumption.

Despite the revival efforts, the statutory auditor raised multiple qualifications, including issues with revenue recognition under Ind AS 115, inventory valuation, and MSMED compliance. Management acknowledged these risks but believes the order book, unbilled revenue conversion, and government backing mitigate them. Additionally, a Proof of Concept for the Indian Army is underway, expected to complete by December 2026, which could drive future growth.

## Key Takeaway

The quarter delivered a narrower net loss compared with the same period last year, despite revenue falling to its lowest point in five quarters. The improvement was largely driven by a significant decline in finance costs, while other expenses rose only modestly. The result marks a return to the loss-making pattern that has characterised most recent quarters, contrasting with the exceptional profit of the immediately preceding quarter.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +90.02%
- FII holding: +0.02%
- DII holding: +0.07%
- Mutual fund holding: +0.07%
- Retail holding: +1.75%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA — +89.99%
- SPECIAL NATIONAL INVESTMENT FUND — +7.88%
- GOVERNOR OF KARNATAKA — +0.03%

## Official filings

- 2026-11-07 — Board Meeting Notice: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_07112026171443_SE_BM_intimation_07112026.pdf)
- 2026-11-05 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_05112026131034_SE_Scrutinizer_Report_Signed.pdf)
- 2026-11-05 — Regulatory Filing: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1753454_05112026023802_WEB.xml)
- 2026-11-05 — Regulatory Filing: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1753451_05112026023521_WEB.xml)
- 2026-11-04 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_04112026183149_SE_AGM_Proceedings_Signed.pdf)
- 2026-11-03 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- 2026-11-03 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_03112026185942_Volume_Movement_Reply.pdf)
- 2026-11-02 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- 2026-10-19 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_19102026171550_SE_Intimation_Statutory_Auditor_Appointment_Signed.pdf)
- 2026-10-17 — Shareholding Disclosure: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740934_17102026060658_WEB.xml)
- 2026-10-15 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_15102026120847_Signed_DF_Ext_.pdf)
- 2026-10-14 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_14102026145045_SE_Intimation_AGM_Notice_Newspaper_Publication_Signed.pdf)
- 2026-10-14 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_14102026150832_SE_Intimation_Signed_.pdf)
- 2026-10-13 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_13102026182422_SE_Intimation_AGM_Notice_Signed.pdf)
- 2026-10-13 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_13102026184602_SE_Intimation_BRSR_Signed.pdf)
- 2026-10-13 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_13102026184032_SE_Intimation_Annual_Report_Signed.pdf)
- 2026-10-13 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_13102026184951_SE_Intimation_Book_Closure_Signed.pdf)
- 2026-10-12 — Annual Report: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_32209_ITI_2025_2026_A_5969077_13102026191622.pdf)
- 2026-09-29 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_29092026125456_SE_Intimation_Closure_of_Trading_Window_Signed.pdf)
- 2026-09-19 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_19092026135145_AGM_Extention_76_Signed.pdf)
- 2026-08-19 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_19082026121154_SE_intimation_RFP_Signed.pdf)
- 2026-08-18 — Shareholding Disclosure: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/team_sandeshc_18082026121133_ITI.pdf)
- 2026-08-17 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_17082026165054_SE_Intimation_Signed_.pdf)
- 2026-08-11 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_11082026191657_NSE_Clarification.pdf)
- 2026-08-11 — Management Change: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_11082026124348_SE_Intimation_Appointment_of_Director.pdf)

## News and market events

- 2026-11-02 — Mint: **ITI shares: 111% returns in 5 years! Telco stock price hits 20% upper circuit | Time to book profits or hold?** — ITI shares surged 20% to hit the upper circuit on the NSE, driven by positive sentiment and increased trading volume, while the broader Sensex and Nifty indices also opened higher. Analyst Harshal Dasani attributed ITI's valuation concerns to FY26 revenue declines and reliance on land-sale gains, noting that the company's ₹13,900 crore order book includes significant BharatNet components. — [Source](https://www.livemint.com/market/stock-market-news/iti-shares-111-returns-in-5-years-telco-stock-price-hits-20-upper-circuit-time-to-book-profits-or-hold-11793599149687.html)
- 2026-10-13 — Times of India: **Noida to get 48 more EV charging stations in 6 months** — Noida to add 48 EV charging stations in 6 months via ITI MoU, taking planned total to 78; Authority targets 100 stations to boost green mobility. — [Source](https://timesofindia.indiatimes.com/city/noida/noida-to-get-48-more-ev-charging-stations-in-6-months/articleshow/134926121.cms)
- 2026-09-04 — Economic Times: **BSNL's homegrown 4G network carries 6 PB data per day: C-DoT** — BSNL's indigenous 4G network is handling six petabytes of data daily. The network supports 1.75 lakh 4G base stations across one lakh sites. High-definition voice calls are now enabled through IP Multimedia Subsystem deployment. Indigenous 5G RAN technology is currently undergoing live testing on BSNL's network. BSNL aims to compete with private operators using its domestically developed mobile network. — [Source](https://economictimes.indiatimes.com/industry/telecom/telecom-news/bsnls-homegrown-4g-network-carries-6-pb-data-per-day-c-dot/articleshow/133767038.cms)
- 2026-08-12 — The Hindu: **Airtel ropes in ITI Limited to fast-track digital transformation for enterprises** — The partnership would enable businesses to overcome legacy complexity, strengthen digital resilience, and build for the future to unlock new growth opportunities. — [Source](https://www.thehindu.com/business/airtel-ropes-in-iti-limited-to-fast-track-digital-transformation-for-enterprises/article71328527.ece)
- 2026-08-10 — Times of India: **Airtel Business partners with ITI Limited to accelerate India’s digital transformation** — Tech News News: Airtel Business and ITI Limited have entered into a strategic collaboration to help enterprises in India fast-track their digital transformation and u. — [Source](https://timesofindia.indiatimes.com/technology/tech-news/airtel-business-partners-with-iti-limited-to-accelerate-indias-digital-transformation/articleshow/133089540.cms)
- 2026-07-28 — Economic Times: **Bank of India Small Cap Fund among 21 equity MFs delivering over 20% SIP XIRR in one year** — Around 21 equity mutual funds delivered over 20% XIRR on SIP investments over the past year, an ETMutualFunds analysis found. Small-cap funds dominated the list, with the top seven all belonging to the category and five generating over 30% XIRR. Bank of India Small Cap Fund topped the rankings with a 39.08% XIRR, turning a Rs 10,000 monthly SIP into around Rs 1.43 lakh. — [Source](https://economictimes.indiatimes.com/mf/analysis/bank-of-india-small-cap-fund-among-21-equity-mfs-delivering-over-20-sip-xirr-in-one-year/articleshow/132678389.cms)
- 2026-07-23 — Economic Times: **Consistent performers: 41 equity mutual funds deliver over 15% CAGR in 3 and 5 years** — Around 41 equity mutual funds delivered more than 15% CAGR over both three- and five-year periods. Bandhan Small Cap Fund led three-year returns at 25.95%, while Motilal Oswal Midcap Fund topped the five-year chart at 21.64%. — [Source](https://economictimes.indiatimes.com/mf/analysis/consistent-performers-41-equity-mutual-funds-deliver-over-15-cagr-in-3-and-5-years/articleshow/132577206.cms)
- 2026-07-22 — Mint: **IPO GMPs: Lohia Corp IPO vs Indo-MIM IPO vs Xtranet Technologies IPO — what grey market hints ahead of IPO opening date** — The IPO market is gaining momentum with Lohia Corp, Indo-MIM, and Xtranet Technologies set to launch on July 23. Lohia Corp’s issue is valued at  ₹4,500 crore, Indo-MIM at  ₹24,000 crore, and Xtranet's at  ₹170 crore, all amidst a fluctuating grey market sentiment. — [Source](https://www.livemint.com/market/ipo/ipo-gmps-lohia-corp-ipo-gmp-vs-indo-mim-ipo-gmp-vs-xtranet-technologies-ipo-gmp-upcoming-ipos-11784706542195.html)
- 2026-07-21 — Mint: **Midcap, Smallcap indices outshine Nifty 50 in 2026 so far; experts bet on stronger earnings growth** — The Nifty Midcap 100 and Smallcap 100 have outperformed the Nifty 50 this year, reflecting investors' interest in companies with solid earnings potential. Analysts expect mid-cap and small-cap earnings growth to outpace large-cap growth. — [Source](https://www.livemint.com/market/stock-market-news/midcap-smallcap-indices-outshine-nifty-50-in-2026-so-far-experts-bet-on-stronger-earnings-growth-11784620616279.html)
- 2026-07-16 — CNBC-TV18: **ITI shares gain over 6% as company bags ₹856 crore BSNL 4G contract** — ITI said the order covers the planning, engineering, supply, installation, testing and commissioning of the 4G mobile network on a turnkey basis across 7,613 sites in the West Zone. — [Source](https://www.cnbctv18.com/market/iti-share-price-jumps-6-pc-rs-856-crore-bsnl-4g-expansion-order-19946954.htm)
- 2026-07-16 — The Hindu: **Sensex today | Stock Market Live: Sensex gains 300 pts, Nifty trades above 24,100; geopolitical tensions cap gains** — Sensex, Nifty, Share Prices LIVE:  Indian benchmark indices opened higher on Thursday, supported by positive Wall Street cues, even as a sharp sell-off across Asian markets, elevated crude oil prices and escalating West Asia tensions kept investor sentiment cautious and limited gains. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-16-july-2026/article71225304.ece)
- 2026-07-15 — Mint: **No large-cap fund reached Sharpe ratio of 1; several mid and small caps delivered stronger risk-adjusted returns | Mint** — After analysing the list of large-cap funds, no fund was found to have touched a Sharpe ratio of 1. Among the large-cap funds, WhiteOak Capital Large Cap Fund recorded the highest Sharpe ratio at 0.64. — [Source](https://www.livemint.com/money/personal-finance/no-large-cap-fund-reached-sharpe-ratio-of-1-several-mid-and-small-caps-delivered-stronger-risk-adjusted-returns-11784095985033.html)

## Business profile

**Strategic vision:** Public sector electronics manufacturer of telecom and defense equipment.

### Business segments
- **Telecom Equipment:** The company designs, develops, and manufactures switching, transmission, and access equipment, along with optical fiber devices and smart cards.
- **Defense & Secure Networks:** ITI manufactures secure communication equipment, encryptors, and tactical communication systems for defense deployments.
- **E-Governance & ICT:** This segment designs and rolls out ICT solutions, citizen service networks, and data center infrastructures.

### Competitive strengths
- Public sector procurement contracts
- Manufacturing of specialized defense communication equipment

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/iti
Markdown representation: https://faxioms.com/stocks/iti?render=md