{"id":65572,"date":"2022-09-28T13:50:00","date_gmt":"2022-09-28T08:20:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=65572"},"modified":"2022-09-28T13:42:31","modified_gmt":"2022-09-28T08:12:31","slug":"stock-jumps-9-as-company-plans-to-allot-shares-to-the-president-of-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-9-as-company-plans-to-allot-shares-to-the-president-of-india\/","title":{"rendered":"Stock jumps 9% as company plans to allot shares to the President of India\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4140635489\"><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 ITI Limited, a public sector undertaking zoomed more than 9% on the National Stock Exchange (NSE). At 11:57 AM it was trading at \u20b9 111.70 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-607604780\"><!-- 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>ITI Limited is a Government of India undertaking that is engaged in manufacturing, trading and servicing telecommunication equipment and rendering other associated and ancillary services. It focuses on offering telecom services.&nbsp;<\/p><p>The company\u2019s board is going to consider and approve the allotment of equity shares to the President of India, as per the revival package. The board is scheduled to meet today. On account of this news, the shares reached an intraday high of \u20b9 113.00 apiece on Wednesday\u2019s early trades after closing at \u20b9 103.45 on Tuesday. 67,46,361 shares changed hands by 12:00 PM on Wednesday.&nbsp;<\/p><p>ITI Limited is a mid-cap company with a market capitalization of \u20b9 9743 crores. It is trading at a PE ratio of 89.03, which is significantly higher than the Industry PE of 26.28. This could mean that the stock is overvalued or its price is expensive. It has an ideal debt-to-equity ratio of 0.62, but a low return on equity of 4.73%.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2496176669\"><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>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-652072201\"><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 ITI Limited, a public sector undertaking zoomed more than 9% on the National Stock Exchange (NSE). At 11:57 AM it was trading at \u20b9 111.70 apiece.&nbsp; ITI Limited is a Government of India undertaking that is engaged in manufacturing, trading and servicing telecommunication equipment and rendering other associated and ancillary services. It [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":65579,"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":[1513,31],"tags":[4971,4972,3913,3912,4973,4969,3153,4178,4183,3157,3158,4970],"class_list":["post-65572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-droupadi-murmu","tag-droupadi-murmu-president","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-president-droupadi-murmu","tag-president-of-india","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-who-is-the-present-president-of-india"],"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>Stock jumps 9% as company plans to allot shares to the President of India\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-jumps-9-as-company-plans-to-allot-shares-to-the-president-of-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock jumps 9% as company plans to allot shares to the President of India\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of ITI Limited, a public sector undertaking zoomed more than 9% on the National Stock Exchange (NSE). 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