{"id":132281,"date":"2024-08-30T11:20:03","date_gmt":"2024-08-30T05:50:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=132281"},"modified":"2024-08-30T11:22:16","modified_gmt":"2024-08-30T05:52:16","slug":"psu-stock-jumps-3-after-receiving-order-for-500-evms-from-election-commission-of-west-bengal","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-stock-jumps-3-after-receiving-order-for-500-evms-from-election-commission-of-west-bengal\/","title":{"rendered":"PSU stock jumps 3% after receiving order for 500 EVMs from election commission\u00a0of West Bengal"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2036806289\"><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 this midcap company jumped around 3 percent after its first EVM order from West Bengal State Election Commission. In one year, the stock has delivered more than 150 percent return to its shareholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2847096674\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Movement:&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 29,542 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ITI\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">ITI Ltd<\/a><\/strong> started Friday\u2019s trading session on a higher note at Rs. 313 compared to its previous close of Rs. 299.70. During the trading session, the shares hit a high of Rs. 315.50, gaining around 3 percent and are currently trading at Rs. 306 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened:&nbsp;<\/strong><\/h2><p>Such a positive movement in the share price was observed after the company in an exchange filing announced that it had bagged its first Electronic Voting Machine (EVM) order from the State Election Commission (SEC) of West Bengal for the <strong>supply of 500 sets of Electronic Voting Machines <\/strong>after the successful demonstration to the SEC at Kolkata.&nbsp;<\/p><p>These Electronic Voting Machines (EVMs), developed by ITI Limited according to the specifications established by the SEC and approved by the standing committee of State Election Commissioners, will be utilized for local body elections at various levels, including Gram Panchayats, Municipalities, and Corporations.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2200554746\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p>\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"4kbtNExpgs\"><a href=\"https:\/\/tradebrains.in\/features\/how-did-sanjiv-goenkas-net-worth-increase-by-16000-cr-in-a-month\/\">How did Sanjiv Goenka&#8217;s net worth increase by \u20b9 16,000 Cr in a month?<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;How did Sanjiv Goenka&#8217;s net worth increase by \u20b9 16,000 Cr in a month?&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/how-did-sanjiv-goenkas-net-worth-increase-by-16000-cr-in-a-month\/embed\/#?secret=Bw9jtMbqkw#?secret=4kbtNExpgs\" data-secret=\"4kbtNExpgs\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><\/blockquote><p>This EVM machine can also be used as a Single Post machine for meeting the requirements of Lok Sabha\/Assembly elections.&nbsp;<\/p><p>Furthermore, the product will be manufactured at ITI Limited\u2019s factories complying with the technical specifications of the Election Commission, and will be delivered on a fast-track basis adhering to the quality norms and as per the commitments given to West Bengal SEC.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials:&nbsp;<\/strong><\/h2><p>Looking at the company\u2019s financial performance, the revenue decreased by 13 percent from Rs. 601 crores during the March quarter to Rs. 520 crores in the June quarter. Contrastingly, the net losses of the company reduced from Rs. 239 crores to Rs. 91 crores during the same timeframe.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Manufacturing Facilities:&nbsp;<\/strong><\/h2><p>The company operates state-of-the-art manufacturing facilities in six locations in Bengaluru, Naini, Raebareli, Mankapur, Srinagar, and Palakkad. Additionally, it has an in-house research and development (R&amp;D) centre in Bengaluru and marketing, sales, and projects (MSP) offices located throughout the country.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Future Plan:&nbsp;<\/strong><\/h2><p>ITI Limited is actively diversifying its offerings and enhancing its technological capabilities. The company is focusing on areas such as smart city solutions, IoT applications, and cloud services, particularly for government institutions and banks. It is also involved in significant projects like BharatNet, aimed at expanding high-speed broadband connectivity across rural India&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Profile:&nbsp;<\/strong><\/h2><p>ITI Limited is engaged in manufacturing, trading and servicing of telecommunication equipment, and rendering other associated and ancillary services. The Company focuses on offering telephone communication services.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1245687906\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p>\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"Gp2d1qI8S2\"><a href=\"https:\/\/tradebrains.in\/features\/stock-with-order-book-more-than-25000-cr-sets-revenue-target-of-10000-cr\/\">Stock with order book of more than \u20b9 25,000 Cr\u00a0sets revenue target of \u20b9 10,000 Cr<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Stock with order book of more than \u20b9 25,000 Cr\u00a0sets revenue target of \u20b9 10,000 Cr&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/stock-with-order-book-more-than-25000-cr-sets-revenue-target-of-10000-cr\/embed\/#?secret=91qFBQv8ql#?secret=Gp2d1qI8S2\" data-secret=\"Gp2d1qI8S2\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1959807475\"><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 this midcap company jumped around 3 percent after its first EVM order from West Bengal State Election Commission. In one year, the stock has delivered more than 150 percent return to its shareholders.&nbsp; Price Movement:&nbsp; With a market capitalization of Rs. 29,542 crores, the shares of ITI Ltd started Friday\u2019s trading session [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":132283,"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":[31,1789],"tags":[6512,22055,22057,11953,3601,948,936],"class_list":["post-132281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-iti-latest-news","tag-iti-new-order","tag-iti-order-for-evm","tag-iti-share-price","tag-psu-stock","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PSU stock jumps 3% after receiving order for 500 EVMs from election commission\u00a0of West Bengal - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this midcap company jumped around 3 percent after its first EVM order from West Bengal State Election Commission. 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