{"id":105349,"date":"2023-07-18T14:57:22","date_gmt":"2023-07-18T09:27:22","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105349"},"modified":"2023-07-18T16:52:53","modified_gmt":"2023-07-18T11:22:53","slug":"telecom-stock-jumps-up-to-4-after-recognition-from-isro-in-launch-of-chandrayaan-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/telecom-stock-jumps-up-to-4-after-recognition-from-isro-in-launch-of-chandrayaan-3\/","title":{"rendered":"Telecom stock jumps up to 4% after recognition from ISRO in launch of Chandrayaan-3"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1612425698\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India&#8217;s premier telecom company and multi-unit central public sector undertaking that provides total solutions in the telecommunications segment rose 4.2 percent on Tuesday&#8217;s trade following recognition from ISRO for its role in the launch of Chandrayaan-3.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3400227624\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 2:30 p.m., ITI Limited shares were trading at Rs 111.00 per share, up 2.35 percent.&nbsp;<\/p><p>As per Company\u2019s BSE filings, ITI Limited manufactured 55 packages for the flight vehicle in the Chandrayaan-3 mission, and the company received recognition from ISRO and the Department of Telecommunications for playing a significant role in the successful launch of Chandrayaan-3 on July 14 at 2.35 p.m. from Satish Dhawan Space Centre (SDSC) in Sriharikota.\u00a0<\/p><p>ITI Limited shares climbed 26.35 percent in the previous four months, from a price of Rs 87.65 per share to the present level.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1048370017\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>ITI Limited manufactures, trades, and services telecommunications equipment, as well as providing other related and auxiliary services. Since its inception the firm has been a pioneer in the field of telecommunications, contributing approximately 50% of the current national telecom network.&nbsp;<\/p><p>TCS-led consortium and ITI limited received mega-4G network advance purchase orders of over Rs 19,000 crore from BSNL in the first quarter of 2023. A consortium led by Tata Consultancy Services has secured an advance purchase order (APO) for around Rs 15,500 crore, and ITI Limited has received a contract for delivering 4G telecom gear worth Rs 3,889 crore.&nbsp;<\/p><p>Company\u2019s revenue fell by 25% year on year, falling from Rs 1,860 crore in FY 21-22 to Rs 1,395 crore in FY 22-23. Within the same time period, net profit fell 397 percent, from Rs 121 crore to a loss of Rs 360 crore.<\/p><p>According to the shareholding pattern for the quarter ended June 2023,Promoters own 90.28 percent of the firm, while domestic institutional investors possess 7.62 percent.&nbsp;<\/p><p><strong>Written by Omkar Chitnis<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4157740453\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India&#8217;s premier telecom company and multi-unit central public sector undertaking that provides total solutions in the telecommunications segment rose 4.2 percent on Tuesday&#8217;s trade following recognition from ISRO for its role in the launch of Chandrayaan-3.&nbsp; At 2:30 p.m., ITI Limited shares were trading at Rs 111.00 per share, up 2.35 percent.&nbsp; [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-105349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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