ITI Ltd is on a winning streak for the past three days; today too, from its close of Rs.270.50, it opened at Rs.281.20 and soon hit the 5% UC of the day at Rs.284. Its 52-week high is at Rs.592.85 and low at Rs.210.20; it closer to the low than the high indicating the correction it as gone through.

The stock price has reacted to the news of receiving a revised order from the AMRCD, stipulating that ITI shall transfer its 22.258 acres of land situated at Electronic City, Bangalore to C-DoT through a sale deed for a consideration of Rs.200 crore.

In pursuance of this revised AMRCD Order, the company has received an initial tranche of Rs. 100 crore from C- Dot on February 19, 2025, as part of the executed sale agreement between ITI Limited and C-DoT. The balance remaining part of the consideration is expected to be received after completion of other statutory formalities by the company in this regard.

The PSU had ended Q3FY25 with a lower loss of Rs.49 crore v/s loss of Rs.101 crore (YoY) on a 300% jump in revenue at Rs.1034 crore. Its EBITDA loss to came down from 11 crore from Rs.43 crore.