ITI Share Price Jumps 8%, Climbs Over 40% in May – PSU Stock in Focus

Market Performance

ITI share price continued its bullish streak, surging nearly 8% on May 29 during morning trade on the BSE. The stock opened at ₹349.80, rising sharply to hit an intraday high of ₹365.95, marking a 7.6% gain.

As of 9:50 AM, ITI shares were trading 4.26% higher at ₹354.50, sustaining investor interest and momentum for the fourth consecutive session.

Notable Performance Metrics:

• Monthly Gain (May): 40%+
• Yearly Gain: Over 20%
• 52-week High: ₹592.85 (January 7, 2025)
• 52-week Low: ₹210.20 (October 25, 2024)

Main News

Strong Q4 results and fresh equity developments drive the PSU stock's recent surge. ITI has now logged gains for three straight months, signaling robust sentiment in the telecom PSU space.

Company Details

ITI Limited, India's first public sector unit in the telecommunications sector, has shown a marked improvement in its financial performance for Q4 FY25. The company also recently made a notable equity announcement.

Financial Performance Breakdown (Q4FY25)

Revenue

• ₹1,046 Crore, up 73.9% YoY
• Previous Year (Q4FY24): ₹601 Crore

EBITDA

• EBITDA loss reduced to ₹28.2 Crore
• Previous Year: ₹174 Crore loss

Net Profit / Loss

• Net loss narrowed significantly to ₹4.4 Crore
• Previous Year: ₹239 Crore loss

Equity Infusion

• The board approved the allotment of equity shares on a preferential basis to the President of India
• Equity allotment against a CAPEX infusion of ₹59 Crore
• Aligned with BIFR Order dated January 8, 2013

Summary

The ITI share price has been on a remarkable run, jumping over 40% in May alone and posting consistent gains across multiple timeframes. The Q4 results show a clear path of recovery, with revenue growth and reduced losses boosting investor sentiment. With strategic equity decisions and a solid foundation in the telecom sector.