ITI share price jumps 5% despite volatility in Indian stock market. Here’s why
ITI share price hit 5% upper circuit on Wednesday despite the fall in the broader Indian stock market after the RBI policy announcement. The rally in ITI share price comes after the company announced the initiation of the State Network Operations Center (S-NOC) for BharatNet Phase-III Project in Himachal Pradesh. ITI shares spiked as much as 5% to ₹254.85 apiece on the BSE.
The state-run telecom manufacturing company ITI Limited said that it commenced the work for State Network Operations Center (S-NOC) of the monumental BharatNet Phase-III Project at Solan in Himachal Pradesh in coordination with BSNL.
“S-NOC is a centralized location where ITI Limited will monitor and manage the performance, security, and availability of…
