ITI lost 3.44% to Rs 28.10 at 11:57 IST on BSE after net profit declined 72.4% to Rs 11.24 crore on 159.59% growth in total income from operations to Rs 325.90 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours yesterday, 11 August 2016.Meanwhile, the S&P BSE Sensex was up 224.14 points or 0.8% at 28,083.74.
On BSE, so far 48,000 shares were traded in the counter as against average daily volume of 74,000 shares in the past two weeks. The stock hit a high of Rs 29 and a low of Rs 27.90 so far during the day. The stock had hit a 52-week high of Rs 34.90 on 6 January 2016. The stock had hit a 52-week low of Rs 21.75 on 25 August 2015. The stock had outperformed the market over the past one month till 11 August 2016, gaining 2.46% compared with 0.84% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 15.25% as against Sensex's 8.84% rise.
The small-cap company has equity capital of Rs 288 crore. Face value per share is Rs 10.
ITI offers a complete range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.
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