BAJAJ BROKING

open-demat-imgOpen Demat
be-a-partner-imgBe a Partner
samadhan-imgSamadhan
InstallInstall App
Download AppInstall App
Notification close image
No new Notification messages
card image
Seshaasai Technologies Ltd IPO
Apply for the Seshaasai Technologies Ltd IPO through UPI in Just minutes
delete image
card image
Start your SIP with just ₹100
Choose from 4,000+ Mutual Funds on Bajaj Broking
delete image
card image
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
delete image
card image
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
delete image
card image
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.
delete image

1675

523610

ITI

img img img img
Compare to down-arrow
View down-arrow
Display down-arrow
Studies down-arrow
No Data Available

ITI LTD performance

Today’s low

Today’s high

₹ 298.20 ₹ 305.20
₹ 301.60

52 week low

52 week high

₹ 234.04 ₹ 592.70
₹ 301.60

Open Price

₹ 303.95

Prev. Close

₹ 303.00

Volume (Shares)

328884.00

Total traded value

₹ 991.91

Upper Circuit

₹ 363.60

Lower Circuit

₹ 242.40

info

ITI LTD Share Price Update

As of the latest trading session, ITI LTD share price is currently at ₹ 301.6, which is down by ₹ -1.39 from its previous closing. Today, the stock has fluctuated between ₹ 298.20 and ₹ 305.20. Over the past year, ITI LTD has achieved a return of 6.38 %. In the last month alone, the return has been -4.51 %. Read More...

Investment Returns

Over 1 Month [-]% Over 3 Months [-]% Over 6 Months [-]% Over 1 Year [-]%
demotext Smart Investing Starts here ! Trade Smart with Fast Execution & Zero Account Opening Fees Invest Now

ITI LTD fundamentals


  • Market cap (Cr)

    29,048.90

  • P/E Ratio (TTM)

    -153.15

  • Beta

    0.48

  • Book Value / share

    15.09

  • Return on equity

    0.00%

  • EPS (TTM)

    0.00

  • Dividend yield

    0.00%

  • Net profit/quarter (Cr)

    -54.24

info icon alternate text

  • Market cap (Cr)

    29,058.50

  • P/E Ratio (TTM)

    -153.15

  • Beta

    0.41

  • Book Value / share

    15.09

  • Return on equity

    0.00%

  • EPS (TTM)

    0.00

  • Dividend yield

    0.00%

  • Net profit/quarter (Cr)

    -54.24

info icon alternate text

ITI LTD Financials

  • Key Results

  • Key Ratios

  • Balance sheet

  • Cash Flow

  • Competition

info-icon

Revenue

Net income

Particulars SEP 2025 (Values in Cr)
Revenue 543.40
Operating Expense 610.75
Net Profit -54.24
Net Profit Margin (%) -9.98
Earnings Per Share (EPS) -0.56
EBITDA 11.90
Effective Tax Rate (%) 0.00
Particulars JUN 2025 (Values in Cr)
Revenue 498.01
Operating Expense 570.76
Net Profit -63.32
Net Profit Margin (%) -12.71
Earnings Per Share (EPS) -0.65
EBITDA 2.09
Effective Tax Rate (%) 0.00
Particulars MAR 2025 (Values in Cr)
Revenue 1045.70
Operating Expense 1148.29
Net Profit -4.84
Net Profit Margin (%) -0.46
Earnings Per Share (EPS) -0.05
EBITDA 69.57
Effective Tax Rate (%) 0.00
Particulars DEC 2024 (Values in Cr)
Revenue 1034.54
Operating Expense 1121.82
Net Profit -67.12
Net Profit Margin (%) -6.48
Earnings Per Share (EPS) -0.70
EBITDA 9.64
Effective Tax Rate (%) 0.00
Particulars SEP 2024 (Values in Cr)
Revenue 1016.20
Operating Expense 1100.07
Net Profit -70.11
Net Profit Margin (%) -6.89
Earnings Per Share (EPS) -0.73
EBITDA 5.18
Effective Tax Rate (%) 0.00
Particulars MAR 2025 (Values in Cr)
Revenue 3616.42
Operating Expense 3969.80
Net Profit -233.14
Net Profit Margin (%) -6.44
Earnings Per Share (EPS) -2.43
EBITDA 60.36
Effective Tax Rate (%) 0.00
Particulars MAR 2024 (Values in Cr)
Revenue 1263.63
Operating Expense 1877.19
Net Profit -569.06
Net Profit Margin (%) -45.03
Earnings Per Share (EPS) -5.92
EBITDA -275.07
Effective Tax Rate (%) 0.00
Particulars MAR 2023 (Values in Cr)
Revenue 1395.45
Operating Expense 1808.10
Net Profit -360.10
Net Profit Margin (%) -25.80
Earnings Per Share (EPS) -3.81
EBITDA -101.02
Effective Tax Rate (%) 0.00
Particulars MAR 2022 (Values in Cr)
Revenue 1860.73
Operating Expense 1995.22
Net Profit 120.08
Net Profit Margin (%) 6.45
Earnings Per Share (EPS) 1.30
EBITDA 363.32
Effective Tax Rate (%) 0.00
Particulars MAR 2021 (Values in Cr)
Revenue 2362.18
Operating Expense 2512.35
Net Profit 11.20
Net Profit Margin (%) 0.47
Earnings Per Share (EPS) 0.12
EBITDA 212.64
Effective Tax Rate (%) 0.00
Particulars MAR 2025 (Values in Cr)
Book Value / Share 16.29
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.96
EBITDA Margin 1.20
Particulars MAR 2024 (Values in Cr)
Book Value / Share 18.57
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.88
EBITDA Margin -21.76
Particulars MAR 2023 (Values in Cr)
Book Value / Share 23.88
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.70
EBITDA Margin -7.22
Particulars MAR 2022 (Values in Cr)
Book Value / Share 27.17
ROE % 1.77
ROCE % 3.65
Total Debt to Total Equity 0.61
EBITDA Margin 19.45
Particulars MAR 2021 (Values in Cr)
Book Value / Share 26.18
ROE % 0.17
ROCE % 2.41
Total Debt to Total Equity 1.11
EBITDA Margin 8.93
Particulars MAR 2025 (Values in Cr)
Book Value / Share 15.74
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.99
EBITDA Margin 0.70
Particulars MAR 2024 (Values in Cr)
Book Value / Share 18.21
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.90
EBITDA Margin -21.77
Particulars MAR 2023 (Values in Cr)
Book Value / Share 23.51
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.71
EBITDA Margin -7.24
Particulars MAR 2022 (Values in Cr)
Book Value / Share 26.80
ROE % 1.79
ROCE % 3.67
Total Debt to Total Equity 0.62
EBITDA Margin 19.53
Particulars MAR 2021 (Values in Cr)
Book Value / Share 25.80
ROE % 0.17
ROCE % 2.09
Total Debt to Total Equity 0.57
EBITDA Margin 9.00
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 422.10
Total Assets 10402.29
Total Liabilities 10402.29
Total Equity 1624.57
Share Outstanding 960886938
Price to Book Ratio 15.77
Return on Assets (%) -2.06
Return on Capital (%) -6.92
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 835.76
Total Assets 9597.40
Total Liabilities 9597.40
Total Equity 1784.37
Share Outstanding 960886938
Price to Book Ratio 13.89
Return on Assets (%) -5.92
Return on Capital (%) -15.87
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 214.83
Total Assets 9491.36
Total Liabilities 9491.36
Total Equity 2374.33
Share Outstanding 949577352
Price to Book Ratio 3.83
Return on Assets (%) -3.79
Return on Capital (%) -8.47
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 306.49
Total Assets 9574.79
Total Liabilities 9574.79
Total Equity 2607.97
Share Outstanding 933522869
Price to Book Ratio 3.61
Return on Assets (%) 1.23
Return on Capital (%) 2.81
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 547.60
Total Assets 8912.77
Total Liabilities 8912.77
Total Equity 2444.07
Share Outstanding 933522869
Price to Book Ratio 4.46
Return on Assets (%) 0.10
Return on Capital (%) 0.24
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 422.10
Total Assets 10349.15
Total Liabilities 10349.15
Total Equity 1571.43
Share Outstanding 960886938
Price to Book Ratio 15.77
Return on Assets (%) -2.25
Return on Capital (%) -7.64
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 835.76
Total Assets 9562.52
Total Liabilities 9562.52
Total Equity 1749.49
Share Outstanding 960886938
Price to Book Ratio 13.89
Return on Assets (%) -5.95
Return on Capital (%) -16.03
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 214.83
Total Assets 9456.62
Total Liabilities 9456.62
Total Equity 2339.73
Share Outstanding 949577352
Price to Book Ratio 3.83
Return on Assets (%) -3.80
Return on Capital (%) -8.54
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 306.49
Total Assets 9540.30
Total Liabilities 9540.30
Total Equity 2573.48
Share Outstanding 933522869
Price to Book Ratio 3.61
Return on Assets (%) 1.25
Return on Capital (%) 2.87
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 547.60
Total Assets 8876.91
Total Liabilities 8876.91
Total Equity 2408.21
Share Outstanding 933522869
Price to Book Ratio 4.46
Return on Assets (%) 0.12
Return on Capital (%) 0.29
Particulars MAR 2024 (Values in Cr)
Net Income -568.92
Cash from Operations 973.81
Cash from Investing -555.98
Cash from Financing -321.92
Net change in Cash 95.90
Free Cash Flow 973.81
Particulars MAR 2023 (Values in Cr)
Net Income -359.85
Cash from Operations -293.54
Cash from Investing 46.20
Cash from Financing 241.12
Net change in Cash -6.20
Free Cash Flow -293.54
Particulars MAR 2022 (Values in Cr)
Net Income 118.71
Cash from Operations -437.55
Cash from Investing 178.23
Cash from Financing 246.84
Net change in Cash -12.37
Free Cash Flow -377.39
Particulars MAR 2021 (Values in Cr)
Net Income 9.47
Cash from Operations 94.10
Cash from Investing -304.38
Cash from Financing 198.46
Net change in Cash -11.84
Free Cash Flow 125.52
Particulars MAR 2020 (Values in Cr)
Net Income 145.70
Cash from Operations -198.65
Cash from Investing -73.10
Cash from Financing 284.84
Net change in Cash 13.07
Free Cash Flow -134.72
Particulars MAR 2024 (Values in Cr)
Net Income -569.06
Cash from Operations 973.67
Cash from Investing -555.84
Cash from Financing -321.92
Net change in Cash 95.90
Free Cash Flow 973.67
Particulars MAR 2023 (Values in Cr)
Net Income -360.09
Cash from Operations -293.78
Cash from Investing 46.45
Cash from Financing 241.12
Net change in Cash -6.20
Free Cash Flow -293.78
Particulars MAR 2022 (Values in Cr)
Net Income 120.07
Cash from Operations -436.18
Cash from Investing 176.87
Cash from Financing 246.84
Net change in Cash -12.37
Free Cash Flow -436.18
Particulars MAR 2021 (Values in Cr)
Net Income 11.20
Cash from Operations 95.83
Cash from Investing -306.10
Cash from Financing 198.46
Net change in Cash -11.84
Free Cash Flow 95.83
Particulars MAR 2020 (Values in Cr)
Net Income 147.47
Cash from Operations -196.88
Cash from Investing -74.87
Cash from Financing 284.84
Net change in Cash 13.07
Free Cash Flow -196.88
Company Name Price P/E P/B Market Cap 52 Week Low/High
Jaykay Enterprises Limited 203.30 88.01 5.54 2648.74 110.00 / 244.00
SIKA INTERPLANT SYSTEMS LTD. 895.40 55.27 13.76 1898.33 399.96 / 1624.95
Nibe Ordnance and Maritime Lim 7.52 0.00 0.00 1.15 1.51 / 7.52
BEML LIMITED 1710.50 48.16 5.08 14246.58 1173.18 / 2437.43
Company Name Price P/E P/B Market Cap 52 Week Low/High
Jaykay Enterprises Limited 203.30 131.16 6.79 2648.74 110.00 / 244.00
SIKA INTERPLANT SYSTEMS LTD. 895.40 55.82 13.70 1898.33 399.96 / 1624.95
HIGH ENERGY BATTERIES (INDIA) 564.50 37.63 5.09 506.01 420.05 / 830.35
Nibe Ordnance and Maritime Lim 7.52 0.00 0.47 1.15 1.51 / 7.52

ITI LTD shareholding pattern

Holding

9.91%
90.02%
0.05%
Name Shares Category
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)

Transparent Pricing and 360° Services

Choose a Plan That Suits Your Goals and Needs

greenshadow greenshadow redshadow pricing-pack Freedom Pack
₹20/order 14.99% p.a. MTF
tick Stock Picks by Research Analysts tick Seamless Onboarding

Subscription Charge : FREE

greenshadow greenshadow redshadow pricing-pack

Professional Pack
₹10/order 11.99% p.a. MTF
tick Stock Picks by Research Analysts tick Seamless Onboarding

Subscription Charge : ₹2,500 Yearly

50% Brokerage Savings
greenshadow greenshadow redshadow pricing-pack

Signature
0.2% on Delivery 11.99% p.a. MTF
tick Dedicated Relationship Manager tick Customised Brokerage Support tick Stock Picks by Research Analysts tick Experienced Dealer Support

News

Left Arrow
Right Arrow

ITI LTD Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
301.60 -0.46 redarrow
red-green-graph indicator
0 Bearish
16 Bullish
  • 5 Days 304.60
  • 26 Days 312.70
  • 10 Days 307.20
  • 50 Days 314.90
  • 12 Days 308.00
  • 100 Days 312.70
  • 20 Days 311.10
  • 200 Days 308.30
304.15 PIVOT

First Support

301.05

First Resistance

306.10

Second Support

299.10

Second Resistance

309.20

Third Support

296.00

Third Resistance

311.15

RSI

40.50

ADX

16.14

MACD

-4.64

Williams % R

-82.72

Commodity Channel Index (CCI)

-123.95

Date

2025-12-05

Week

118879.00

Same Day

83387.00

Month

225414.00

1 Year

0.49

3 Year

0.92

Over 1 Month

-4.51%

down

Over 1 Year

6.38%

down

Over 3 Months

-2.09%

down

Over 3 Years

38.30%

down

Over 6 Months

-7.88%

down

Over 5 Years

18.13%

down

ITI LTD Corporate Actions

Wipro Ltd share result highlights

For Q1 of FY 25-26, the company's consolidated sales were ₹22,135 crore, and its net profit for the period stood at ₹3,336 crore. In the corresponding Q1 of FY 24-25, the sales were ₹21,964 crore with a net profit of ₹3,037 crore for the period.

Date Source: screener.in, and corporate filings on NSE/BSE

Wipro Ltd share annual reports

For FY 24-25, the company reported consolidated sales of ₹89,088 crore and a net profit of ₹13,218 crore. In the preceding year, FY 23-24, the company's sales were ₹89,760 crore, and the net profit was ₹11,112 crore.

Date Source: screener.in, and corporate filings on NSE/BSE

Wipro Ltd share dividend

The company's stock has a face value of ₹2.00 per share and pays a dividend yield of 2.36%. The company announced an interim dividend for FY 2025-26 of ₹5 per share, with an ex-date of July 28, 2025. The previous interim dividend was for FY 2023-24 of ₹1 per share with an ex-date of January 24, 2024.

Date Source: screener.in, and corporate filings on NSE/BSE

About Wipro Ltd

Azim H. Premji started Wipro Limited in 1945. It started off making edible oils and eventually branched out into the fast-moving consumer goods (FMCG) and information technology (IT) industries. In 2013, the corporation went through a demerger that split off its non-IT operations. This was a key occasion in the company's contemporary history. This business move broke apart the consumer care, lighting, and infrastructure engineering parts, making Wipro a firm that just does IT services. It is currently a global provider of IT solutions and business process services, with its main office in Bangalore, India.

The company's major services include a variety of IT services, such as systems integration, outsourcing of information systems, application development and maintenance, and technological infrastructure services. It also offers consulting, business process outsourcing (BPO), and product engineering services to clients in the Americas, Europe, the Middle East, and the Asia-Pacific area. Wipro uses a global delivery approach to offer these businesses, technologies, and operational solutions that work together. The firm concentrated on getting quality certifications when it first started doing IT work. In the mid-1990s, it got ISO 9001 for several of its facilities, and in 2001, it got ISO 14001 for its environmental management systems.

Wipro's main goal has been to grow via buying other companies. In the middle of the 2000s, it bought a few important companies to grow its skills and reach. These included buying mPower Software Services and New Logic Technologies in 2005 and Quantech Global Services and CMango in 2006, which helped them get more business in the US and Europe. In 2007, the company made a bigger purchase when it bought Infocrossing, a US-based company that provides IT infrastructure management and BPO services, for about $600 million. It bought Wipro Technology Services (previously Citi Technology Services) for $127 million in 2009.

Before the 2013 split, Wipro also grew its non-IT sectors by buying other companies. In 2007, it bought the Singapore-based FMCG company Unza Holdings for about $246 million. Later, it bought the Yardley brand for markets in Asia, the Middle East, and Australia. It bought Hydrauto Group AB of Sweden to add to its infrastructure engineering company. It also bought the North-West Switches business to grow its consumer lighting business. These companies, together with their brands and activities, were part of the group that was split off from the main IT business.

Wipro changed its business model to focus on IT services only. Its acquisition strategy then turned to making its digital, cloud, and consulting services stronger. To improve its footprint in Germany, Austria, and Switzerland, it bought cellent AG, an IT consulting and software services firm, in 2015. In 2016, there were other big deals, such as the purchase of HealthPlan Services, a US-based technology and BPaaS supplier for the health insurance sector, for $460 million.   Wipro bought The Capital Markets Company (Capco) in 2021 for USD 1.45 billion. Capco is a management and technology consulting firm that works with banks and other financial services firms throughout the world.

In addition to buying other companies, the business has formed strategic agreements with other big IT companies and employed joint ventures to reach new markets. For example, it set up Wipro Arabia Ltd in Saudi Arabia. It has also managed its portfolio by selling off parts of it, such as when it sold its hosted data centre services company to Ensono in 2018. Wipro has done a number of share buybacks, including tender offers in 2017, 2019, and 2020, to give money back to its owners.

Popular FAQs

Who is the CEO of ITI Ltd?

The current CEO of ITI Ltd is Mr. Rajesh Rai, who serves as the Chairman and Managing Director. He has been instrumental in leading the company through various stages of its strategic growth and revival plans. Under his leadership, ITI Ltd has focused on expanding its product portfolio, enhancing its manufacturing capabilities, and entering new business segments, such as data centres and encryption products.

 

When was ITI Ltd established?

ITI Ltd was established on January 25, 1950. It was India's first Public Sector Unit (PSU) and has played a pivotal role in the country’s telecommunications and defence electronics sectors. Over the years, ITI has expanded its footprint across India, with manufacturing plants in various locations such as Bangalore, Naini, Rae Bareli, and Palakkad, becoming a key player in providing electronic products and solutions for both domestic and international markets.

 

What factors influence the ITI Share Price?

Several factors influence the ITI share price, including:

  • Company performance and financial health
  • Sectoral growth in telecommunications and defence electronics
  • Government policies and orders
  • Strategic partnerships and technological innovations
  • Approval and execution of major projects like the Army Static Switched Communication Network (ASCON)
  • Market trends and external economic factors affecting the industry

 

Is ITI Ltd debt-free?

No, ITI Ltd is not debt-free. However, the company has received financial assistance from the Government of India to support its revival. In February 2014, a financial package of Rs 4156.79 crore was approved, which includes both equity infusion and grant-in-aid. ITI Ltd has used these funds to execute various projects and enhance its infrastructure while working on modernisation initiatives to improve operational efficiency.

 

What is the CAGR of ITI Share?

The Compound Annual Growth Rate (CAGR) of ITI Ltd share price has shown impressive growth in recent years:

  • Over the last 10 years: 29%
  • Over the past 5 years: 34%
  • Over the last 3 years: 50%

This steady growth reflects the company's efforts in diversifying its product range and expanding its market presence in both defence and telecom sectors.

 

How has the ITI Share Price performed over the past year?

In the past year, the ITI share price has performed exceptionally well, increasing by 30%. This strong performance is attributed to the company's successful execution of large-scale projects and its efforts to capitalise on emerging technologies such as encryption systems, 4G/5G equipment, and data centre solutions. The positive market response to these initiatives has contributed to the steady increase in the ITI share price.

ITI LTD Share Price

ITI Limited is the leading Electronic manufacturing provider for 4G Radio Equipment, and Defence electronics products & systems. The Company offers complete range of telecom products and total solutions covering the whole spectrum of Switching, Transmission, Access and Subscriber Premises equipment. They manufacture mobile infrastructure equipment based on global system for mobile (GSM) technology and code division multiple access (CDMA) technologies.

ITI Limited was incorporated in January 25, 1950. The Company was India's first Public Sector Unit. It had tie ups with Alcatel, France, and NKT, Denmark, for switching equipment and optical link technical equipment, with NEC, Japan for digital microwave equipment.

The Company has state-of-the-art manufacturing facilities spread across six locations at Bangalore (Karnataka), Naini (UP), Rae Bareli (UP), Mankapur (UP), Palakkad (Kerala) and Srinagar (J&K). They have a countrywide network of marketing/ service outlets. Their regional offices are located at New Delhi, Bangalore, Kolkata, Lucknow, Mumbai, Chennai, Hyderabad, Bhubaneswar, Bhopal, Ahmedabad and Kochi. Also, they have their Network Systems Unit at Bangalore. The company has three R&D Centers located at Bangalore, Naini and Mankapur.

In December 1992, the Company formed a joint venture with Valvas and ISL, namely IT Communications Pte Ltd, Singapore.

During the year 1995-96, the company inaugurated the country's first computerized trunk manual exchange at Cuttack and Orissa. They also indigenously developed, manufactured, installed and commissioned the Army Static Switched Communication Network (ASCON). They signed an MoU for strategic alliance with Mahindra British Telecom (MBT), for joint business development and project management. Also, they entered into a strategic alliance with MTNL for further expansion of their GSM network.

During the year 2003-04, the company introduced new products in the BSNL Network, namely corDect, V 5.2 AN RAX of C-DOT design, Managed Leased Line Network, Digital Loop Carrier SDH, CDMA based Fixed Wireless Terminal and Mobile Terminals. They entered into the IT segment by supplying Smart Card based Pay Phones, SIM Cards, Info Kiosk, IVRS, Narrow Brand Remote Access Servers and MPLS Routers.

During the year 2004-05, the company manufactured a number of new products like GSM-BTS, Digital Loop Carrier (DLC-SDH), CDMA based IFWT, SIM Cards, etc. In May 2004, the Company signed a collaboration agreement with Tejas Networks for Next Generation SDH equipment to fully comply with latest GR Specifications. In June 2004, they signed a collaboration agreement with G&D (Giesecke Devrient), Germany for manufacture of SIM Cards.

In August 2004, the company signed an MoU with Adhunik Power Systems for Automated Integrated Management System. Also, they signed an MoU with BSNL for revenue sharing project for running Broadband VSAT services. In September 2004, they signed a collaboration agreement with Tekelec for manufacture of Soft-switch based IP TAX Standalone Signal Transfer Point equipment.

During the year 2005-06, the company manufactured a number of new products such as GSM-BTS, Edge TRU, Conversion Kits, DLC Broadband, New Generation STM-DTH, SSTP, ADSL-DSKAM. During the year 2006-07, they manufactured many new products such as GSM-BTS, Edge TRU, Conversion kits, New Generation STM-SDH and SSTP. Also, they inducted Energy Saving Devices and Power Distribution Automation Projects in Power Sector. During the year 2007-08, the company introduced new products such as GSM, 2G/3G, CDMA, IFWT, SDH, MLLN, NGN, ADSL, WIMAX, G-PON etc.

During the year 2008-09, the company bagged the order of 9 Million Lines GSM (Global System for Mobile) from BSNL, West Zone and supplied Rs 590 crore worth of equipments to BSNL, West Zone. They also bagged the order of 9 Million Lines GSM from BSNL for South Zone and supplied worth of Rs 342 crore of equipments. They made a technical collaboration with Point Red Telecom, Bangalore in order to address business of deployment of Wi- MAX Networks.

During the year 2009-10, the company in collaboration with Alphion Corporation, USA, deployed the G-Pon Technology in BSNL Network. They established the manufacturing facility for Gigabit Passive Optical Network (GPoN) at their Rae Bareli Plant and successfully supplied equipment to the tune of Rs 270 crore to BSNL. Also, they implemented the National Population Register Project of the Ministry of Home Affairs at their Palakkad Plant.

During the year, the company commissioned and put into service Next Generation Switch for mobile connectivity with 500,000 capacities at Mahanagar Telephone Nigam Ltd, as a part of their two million 2G & 3G GSM project for MTNL, Mumbai. The company Regional office, Bangalore, in conjunction with their consortium partner Ojus Healthcare Pvt Ltd of Bangalore made forays into telemedicine field for 70 sites across various states in India to provide the Oncology specialist the OncoNET Centres at Kidwai Memorial Institute of Ocnology, Bangalore and Mandya Institute of Medical Science, Mandya.

In June 2009, the company set up Date Centre in Bangalore Plant in association with Trimax Date Centre Services Ltd. In March 17, 2010, the company inaugurated a new integrated R&D laboratory at ITI Plant in Bangalore. In April 2010, Public Relations Council of India conferred Special Corporate Collateral Award 2010 to the company for their House Journal 'Doorvani'.

In December 2010, the company signed an agreement to evaluate, discuss and negotiate contractual relationship concerning the Transfer of Technology for C-DoT Gigabit Passive Optical Network (G-PON) System. The co-operation in this product line will be used for developing indigenous manufacturing of the product in ITI.

The company has sold their entire (49%) equity stake in India Satcom Ltd for a sales consideration of Rs 3 crore in favour of Chris Tech Systems Pvt Ltd and sale of proceeds are kept in Escrow Account awaiting Government approval.

The company is envisaging setting up of Special Purpose Vehicles (SPV) or Joint Venture Companies (JVs) in Rae Bareli (WiMax & CPE), Naini (GPON) & (GEPON) and Bangalore (IP Core Systems) as a part of company's revival plan. The company is exploring setting up a Data center in other units of the company to encash huge market potential in the areas of secured data storing.

ITI Bangalore plant successfully executed the purchase order worth Rs.47.20 crore for Next Generation Network (NGN) products received from BSNL. Further, Advance Purchase Order (APO) from BSNL to the tune of Rs 120 crore is available for execution of this project during 2015-16.

During FY 2015-16, ITI implemented GSM Projects in BSNL West Zone and MTNL-Mumbai in technology alliance with M/s Alcatel-Lucent & in South Zone in technology alliance with M/s Huawei. The Annual Maintenance Contract related works have been carried out in these zones.

In the year 2015-16, ITI had executed orders from Defense sector for IP encryptors, NGN (BU), 5C telephone instruments etc.

The Cabinet Committee on Economic Affairs (CCEA), on 24th February 2014 approved financial assistance, based on the recommendations of Board for Reconstruction of Public Sector Enterprises (BRPSE) to an extent of Rs 4156.79 crore for the revival of the Company. The fund infusion will be capital grant of Rs 2264 crore in the form of equity and the balance amount of Rs 1892.79 crore in the form of grant-in-aid. The Company has received Rs192 crores from Ministry of Communications and IT for meeting the expenditure towards CAPEX implementation of various projects in its various plants, during February 2015. Government of India vide letter no.20-36/2012- FAC-II dated 20 July 2016 has communicated the approval of Cabinet Committee on Economic Affairs to transfer requisite number of shares of President of India to Special National Investment Fund to meet SEBI's minimum public shareholding requirement. The Board of Director in its meeting held on 11 August 2016 has approved allotment of 19,20,00,000 equity shares of Rs 10 each at par amounting to Rs 192,00,00,000 to President of India.

During FY 2016, the supply consisted of NGN supplies worth Rs 63.22 crores under the Government's prestigious Digital India Initiative. Under services, the unit executed Rs 65.11 crores for GSM-SZ AMC, Rs 8.6 crores for Defence AMC, Rs 0.09 crores for CDMA WLL AMC and Rs 13.97 crores for Data Centre Business. The Unit also supplied Defence Equipments worth Rs 3.82 crores, ISAT for CRPF Rs 1.23 crores, Telephones for Defence and BSNL worth Rs 0.47 crores; Primary MUX for BSNL for Rs 0.45 crores, Contract Manufacturing and Reliability Lab services Rs 0.9 crores and Spares Rs 0.07 crores.

During FY 2017, the supply consisted of NGN supplies worth Rs.35.86 Crores under the Government's prestigious Digital India Initiative. Under services, the unit executed GSM-SZ AMC of Rs.76.25 Crores, Defense AMC of Rs.13.65 Crores and generated revenue of Rs.19.13 Crores from Data Centre Business. The Unit also supplied Defense Equipments worth Rs.62.55 Crores, ISAT for CRPF - Rs.1.57 Crores, Telephones for Defense and BSNL worth Rs.0.79 Crores; Primary MUX for BSNL for Rs.2.58 Crores, Contract Manufacturing and Reliability Lab services Rs. 0.78 Crores, and Spares Rs.0.01 Crores. Under the revival plan Phase I, 6 projects viz Legacy secrecy projects, 1 Gigabit encryptor, Multi-channel Encryption Unit, PSU Business, SCADA, MUX, Telephone, Data Centre and IT Projects are implemented. All the manufacturing areas viz. IGI, Component Test Labs, PCB Plant, SMT Line, Central Machine Shop, Coil Winding, Injection Moulding, Inspection and Testing, Material Handling, Reliability Chambers, Air conditioning Plants, Power backups like UPS, DG sets, Safety Equipments, Servers, Desktops, Laptops etc. were upgraded with modern equipments to take care of latest technology in Electronics Manufacturing. Similarly, R&D upgraded the research facilities by inductin latest development tools for future requirements. R&D took on development of Multi channel Encryption Units (MCEU), Gigabit Encryptor, Optical transport Unit (OTU1 & OTU2), 1G & 10 G Interface for NFS secrecy, etc.

During FY 2017, the Bangalore Plant has signed about 4 MoUs for development manufature and supply of Radio Modem, CLIP phones, Antenna and Ruggedised MUX equipment.

The Company commissioned EMI/EMC Lab Chamber and Test System in June 2019. It set up Safety Lab service, which commenced from June 2019. It developed products in areas like Encryption Systems for Defence, Network Solutions for Communication Network, Power Supply Modules and Integrated Selection System. Out of these, the Encryption products have been undergone Field trials and
testing & Evaluation by customers. It has also ventured in to diversifi ed products/services/solutions like OFC /HDPE pipe manufacturing, Smart card manufacturing, Radio modem, Antenna, Data Centre services (SaaS, Aadhaar based authentication Services etc.), Digital Mobile wallet TAG-ITI for cashless transaction, Products / solutions under IOT verticals, Component screening, manufacturing and supply of avionics modules for ISRO, Set top box, Hand Held Terminals, Mini PC, Smart energy meter manufacturing etc. It has installed manufacturing line for Optical Fiber Cable (OFC) at Rae Bareli unit.

The Company signed contract for prestigious project of National Importance (ASCON-IV) on 01st October 2020 with the Indian Army. It had executed the first 3 phases of ASCON project. It signed a Memorandum of Understanding (MoU) with Tech Mahindra, to work together in the areas of 4G & 5G Wireless Technology, Equipment Manufacturing, Smart Cities, Health Care services. It has also signed MoU with TCS, a leading IT and ITeS services organization.

In FY 2021, Company has signed contract with Ministry of Defence for execution of the mega order of Army Static Switched Communication Network (ASCON) Phase IV project worth Rs 7,796.39 crores, which includes Installation, commissioning and maintenance of telecom equipment, NMS, mobile nodes and civil works for providing the complete infrastructure at various sites and roll out of optical fiber network. The project covers IP MPLS-based communication network with microwave radio & satellite Spread across northern, north-eastern and western regions. It completed Design, Development, Manufacture and Supply of various types of
Encryptor i.e Multi-Capacity Encryptor Unit (MCEU), IP Encryptor, Terminal End Secrecy Device (TSED), Secure Fax, etc for various
Defence and Govt. Sectors. It has installed 8 systems at various strategic locations under the jurisdiction of GPO, Bangalore. It signed the ToT agreement with VSSC/ISRO Trivandrum for the Manufacturing of portable Medical Oxygen Concentrator (called Shwaas). ITI Limited Palakkad has ventured into the field of manufacturing and marketing of Laptop and have hosted two models namely ITIB14LI5 / ITIB15LI5 in the GeM porta, which are are duly certified by BIS, ROHS, CE and FCC.

During FY 2021-22, Bangalore Plant has designed, manufactured and supplied around 189 Encryption Products. It has supplied 202 no's of Field Telephone (5C) to Ashok Leyland, GRSE and 301 no's of ETS (1+1) telephones to BSNL. It also manufactured and supplied 170 nos of Nutan Telephone to various customers. The Company had completed the BSNL GSM project of around Rs.2940 Crore in various BSNL -South Zone Circles namely - Andhra Pradesh, Telangana, Chennai, Karnataka, Kerala and Tamil Nadu Circle along with mandatory AMC.

During the year 2023, the Company manufactured Encrytpor's for Defence, Laptop / PC, Solar Panels, Optical Fiber Cable, High-Density Polyethylene (HDPE), Switched Mode Power Supply (SMPS), etc at its various Units.

In 2023, ITI launched LVM3 M2/OneWeb India-1 Mission on 23rd October 2022; launched Chandrayaan Mission 3 for LVM3-M4 Palakkad Plant on 14th July 2023. At the Mankapur Unit, HDPE Duct Plant converted to manufacture Water Pipes and around 5000 KMs of water pipe manufactured; Secondly, the Unit manufactured and supplied around 1140 Nos of Fibre Distribution Management Systems (FDMS) for Army Static Switched Communication Network (ASCON) PH-IV & TANFINET projects. Mankapur Plant manufactured 8000 Nos of ONTs for RailTel. Rae Bareli Unit manufactured around 23,400 KMs of HDPE Duct for ASCON PH-IV, MahaNet, Tanfinet, A&N Projects and also Indian Air Force (IAF) Projects. Further, the Unit manufactured around 23,407 KMs of OFC and supplied mainly for ASCON, and Tanfinet Projects. Further, it completed manufacturing of Radio Access Network (RAN) with C-DOT Technology. ITI Limited Mankapur Plant developed in house Product as '24Fibre FDMS (Fiber Distribution Management System)'for the supply of Tanfinet Project.

During the year 2023, ITI completed the BSNL GSM Project of 9ML GSM equipment in BSNL South Zone costing around Rs 2940 Crores in BSNL -South Zone Circles including AP, Telangana, Chennai, Karnataka, Kerala and Tamil Nadu Circle. The New Data Centre Business was established under the Revival Plan with 1000 Racks capacity at Bangalore Unit. Rae Bareli Unit manufactured OFC for ASCON, Tanfinet project and Railways; ITI completed Supply & installation of 7252 Nos Solar Street lights System in BREDA Project; installed 10 KW Off-grid Rooftop Solar Projects in Army Public School Jhansi and RTO, Jaipur, Bhubneshwar; Supplied 4500 nos of 60Wp SPV Panel to BBNL through GeM contract.

The Board of Directors in its meeting held on 11th May 2023 had allotted 1,13,09,586 Equity Shares at Rs 94.61 (Rs 10/- Face Value and at a premium of Rs 84.61 per share) to the President of India on preferential basis, by vitrue of which the Company received Rs 107 Crores as Capex from Government of India effective 23rd March 2023.'

During the year 2024, Company manufactured Encrytpor's for Defence, Laptop /Smaash PC, Solar Panels, Optical Fiber Cable, HDPE, Water Pipes, 4G RAN Equipments, Tablet PC, ONT, FDMS, telephones, Smart cards etc at its various Units. 4G Manufacturing infra installed for 4G RRU/ BBU became operational during the year. It completed the BSNL GSM project of 9ML GSM equipment in BSNL South Zone for around Rs. 2940 Crores n various BSNL -South Zone Circles namely - AP, Telangana, Chennai, Karnataka, Kerala and Tamil Nadu Circle and have
executed the mandatory AMC. ITI Limited Bangalore Plant completed manufacturing of Radio Access Network (RAN) with C-DOT Technology. B28 & B8 band RAN Equipment have been supplied to Ambala & Faridabad sites for POC in BSNL network. PoC testing at Ambala sites has been completed in 2024. EMI/EMC Lab, a part of Telecom Testing Centre was built at Bangalore Plant.

Parent organization Government of India
NSE symbol ITI
Founded 1950
stock

Trade stocks with ease

Sign-in to trade with your demat account, or set up a new demat account for free

Board Of Directors

Left Arrow

Rajeev Srivastava

Director (Finance) & Chief Financial Officer

Raja Nayak

Independent Director

Billeswar Sinha

Independent Director

Mamta Palariya

Independent Director

Rajesh Rai

Chairperson & Managing Director

S Jeyanthi

Director (Production)

Ramana Babu C V

Director (Finance & Marketing)

Kanwar Vinod Kumar

Nominee (Govt)

Mukesh Mangal

Nominee (Govt)

Gopinath Sahu

Non Official Director

Arun Agarwal

Nominee (Govt)

Right Arrow

Similar stocks

Left Arrow
similar-logo BEL
-0.06%
406.9 -0.25
down-arrow
similar-logo HAL
-1.19%
4443 -53.79
down-arrow
similar-logo SOLARINDS
-0.94%
12819 -122.00
down-arrow
similar-logo MAZDOCK
-0.94%
2616.3 -24.89
down-arrow
similar-logo BDL
-1.01%
1512.5 -15.50
down-arrow
similar-logo COCHINSHIP
0.21%
1644 3.59
down-arrow
similar-logo GRSE
-3.14%
2470.9 -80.20
down-arrow
similar-logo DATAPATTNS
-4.50%
2766.3 -130.59
down-arrow
similar-logo BEML
-3.11%
1710.3 -55.00
down-arrow
similar-logo ZENTEC
1.01%
1388.7 14.00
down-arrow
Right Arrow

Frequently Asked Questions

What is the Current Share Price of ITI Ltd?

Answer Field

ITI Ltd share price is for NSE ₹ 301.60 & for BSE ₹ 301.70 as on Dec 05 2025 03:30 PM.

What is the Market Cap of ITI Ltd Share?

Answer Field

The market cap of ITI Ltd for NSE ₹ 28,980.35 & for BSE ₹ 28,989.96 as on Dec 05 2025 03:30 PM.

What is the 52 Week High and Low of ITI Ltd?

Answer Field

The 52 Week High and Low of ITI Ltd for NSE is ₹ 592.70 and ₹ 234.04 and for BSE is ₹ 592.85 and ₹ 233.20.

What is 1 year return for ITI Ltd?

Answer Field

The 1 year returns on the stock has been 6.38%.

What is the P/E Ratio of ITI Ltd Share?

Answer Field

As on Dec 05 2025 03:30 PM the price-to-earnings (PE) ratio for ITI Ltd share is -153.15.

What is the PB ratio of ITI Ltd Share?

Answer Field

As on Dec 05 2025 03:30 PM, the price-to-book (PB) ratio for ITI Ltd share is 15.09.

How to Buy ITI Ltd Share?

Answer Field

You can trade in ITI Ltd shares with Bajaj Broking by opening a demat account.

How to Buy ITI Ltd Share on Bajaj Broking App?

Answer Field

To buy ITI Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “ITI Ltd”

• Click on the BUY icon

• Place a buy order specifying the desired quantity of shares.

• Click BUY again to complete the purchase

Who is the CEO of ITI Ltd?

Answer Field

The current CEO of ITI Ltd is Mr. Rajesh Rai, who serves as the Chairman and Managing Director. He has been instrumental in leading the company through various stages of its strategic growth and revival plans. Under his leadership, ITI Ltd has focused on expanding its product portfolio, enhancing its manufacturing capabilities, and entering new business segments, such as data centres and encryption products.

When was ITI Ltd established?

Answer Field

ITI Ltd was established on January 25, 1950. It was India's first Public Sector Unit (PSU) and has played a pivotal role in the country’s telecommunications and defence electronics sectors. Over the years, ITI has expanded its footprint across India, with manufacturing plants in various locations such as Bangalore, Naini, Rae Bareli, and Palakkad, becoming a key player in providing electronic products and solutions for both domestic and international markets.

What factors influence the ITI Share Price?

Answer Field

Several factors influence the ITI share price, including:

  • Company performance and financial health
  • Sectoral growth in telecommunications and defence electronics
  • Government policies and orders
  • Strategic partnerships and technological innovations
  • Approval and execution of major projects like the Army Static Switched Communication Network (ASCON)
  • Market trends and external economic factors affecting the industry

Is ITI Ltd debt-free?

Answer Field

No, ITI Ltd is not debt-free. However, the company has received financial assistance from the Government of India to support its revival. In February 2014, a financial package of Rs 4156.79 crore was approved, which includes both equity infusion and grant-in-aid. ITI Ltd has used these funds to execute various projects and enhance its infrastructure while working on modernisation initiatives to improve operational efficiency.

What is the CAGR of ITI Share?

Answer Field

The Compound Annual Growth Rate (CAGR) of ITI Ltd share price has shown impressive growth in recent years:

  • Over the last 10 years: 29%
  • Over the past 5 years: 34%
  • Over the last 3 years: 50%

This steady growth reflects the company's efforts in diversifying its product range and expanding its market presence in both defence and telecom sectors.

How has the ITI Share Price performed over the past year?

Answer Field

In the past year, the ITI share price has performed exceptionally well, increasing by 30%. This strong performance is attributed to the company's successful execution of large-scale projects and its efforts to capitalise on emerging technologies such as encryption systems, 4G/5G equipment, and data centre solutions. The positive market response to these initiatives has contributed to the steady increase in the ITI share price.

No results found

close-image

Get Free Demat Account*

+91
close-img

Authorise with OTP

Enter the 4-Digit OTP sent to
edit
OTP expires in 00:59

Products

arrow

Calculator

arrow

Platforms

arrow

Mutual Funds & SIP

arrow

Important Links

arrow

Explore

arrow

Corporate

arrow

Discover

arrow

Popular Stocks

arrow

Indian Indices

arrow

Global Indices

arrow

Sector Wise Stocks

arrow

IPO

arrow

Useful Links

footer content

ATTENTION INVESTORS:

“Investments in securities market are subject to market risk, read all the scheme related documents carefully before investing."

"Prevent Unauthorized transactions in your Trading/Demat Account. Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/ Demat Account directly from Exchange/CDSL/NSDL at the end of the day. Issued in the interest of investors."

" We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services."  

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"We understand that certain investment advisors may be approaching members of the public including our clients, representing that they are our partners, or representing that their investment advice is based on our research. Please note that we have not engaged any third parties to render any investment advisory services on our behalf nor are we providing any stock recommendations/tips/research report/advisory. Persons making investments on the basis of such advice may lose all or a part of their investments along with the fee paid to such unscrupulous persons. Please be cautious about any phone call that you may receive from persons representing to be such investment advisors, or a part of research firm offering advice on securities. Do not make payments through e-mail links, WhatsApp or SMS. Please do not share your personal or financial information with any person without proper verification. Always trade through a registered broker."

Bajaj Financial Securities Limited is a subsidiary of Bajaj Finance Limited and is a corporate trading and clearing member of BSE Ltd. and National Stock Exchange of India Ltd. (NSEIL), and also a Depository participant with National Securities Depository Ltd (“NSDL”) and Central Depository Services Ltd. (“CDSL”).

Bajaj Financial Securities Limited is engaged in the business of Stock Broking and as a Depository Participant.Bajaj Financial Securities Limited does not provide any advisory services to its clients. Bajaj Financial Securities Limited may share updates from time to time (through various electronic communication modes) which are sourced from public domain and the same are NOT to be construed as any advice or recommendation from Bajaj Financial Securities Limited. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever.

BSE Ltd. is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

BSE Ltd. is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Personal Loan, Fixed Deposit, EMI Card are provided by Bajaj Finance Limited. Bajaj Financial Securities Limited is only a distributor. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

Please Note:

  1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020

  2. Update your mobile number & email ID with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

  3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

  4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 and BSE vide notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.

  5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in Vernacular Language: BSE | NSE

If the client wishes to revoke /cancel the EDIS mandate placed by them, they can write on email to connect@bajajbroking.in  or call on the toll free number.

Advisory for Investors : NSE | BSE

We also do pro-account trading in Equity & Derivatives Segment.

Filling complaints on SCORES - Easy & Quick

A.  Register on SCORES portal B. Mandatory details for filling complaints on SCORES (i) Name, PAN, Address, Mobile Number, E-mail ID C. Benefits: (i) Effective Communication (ii) Speedy redressal of the grievances.

SEBI Registration No.: INZ000218931 | BSE Cash/CDS/F&O (Member ID: 6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403 Research Analyst SEBI Registration No. INH000010043

Compliance officer:

Mr. Boudhayan Ghosh 
TEL: 020-48574486
Email: compliance_sec@bajajbroking.in, for any investor grievances write to compliance_sec@bajajbroking.in for DP related to Compliance_dp@bajajbroking.in .

DISCLAIMER

STANDARD DISCLAIMER

Investments in the securities market are subject to market risk, read all related documents carefully before investing.

Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403. 

Website: https://www.bajajbroking.in/

RESEARCH DISCLAIMER

Broking services offered by Bajaj Financial Securities Limited | Registered Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035 | Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014 | CIN: U67120PN2010PLC136026 | Research Analyst SEB I Registration No: INH000010043.

Details of Compliance Officer: 

Mr. Boudhayan Ghosh (For Broking/DP/Research)
Email: compliance_sec@bajajbroking.in
Contact No.: 020-4857 4486 

Investment in the securities involves risks, investor should consult his own advisors/consultant to determine the merits and risks of investment.

DISCLOSURES

Disclosures under the provisions of SEBI (Research Analysts) Regulations 2014 (Regulations) 

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. This research report has been prepared and distributed byBajaj Financial Securities Limited in the capacity of a Research Analyst as per Regulation 22(1) of SEBI (Research Analysts) Regulations 2014 having SEBI Registration No. INH000010043. 

DISCLAIMER

This e-mail/ short message service (SMS) may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously received this message, please delete it immediately and notify the sender. The recipient acknowledges thatBajaj Financial Securities Limited or its holding and/or associated companies, as the case may be, are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail /SMS transmissions and further acknowledges that any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of Bajaj Financial Securities Limited. This message is not intended as an offer or publication or solicitation for distribution for subscription of or purchase or sale of any securities or financial instrument(s) to anyone in whose jurisdiction such subscription etc. requires prior local regulatory clearance or is contrary to the local laws of the land in any manner or as an official confirmation of any transaction. Before opening any attachments, please check them for viruses and defects. 

This service / information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose unless otherwise expressly authorised. This service / information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subjectBajaj Financial Securities Limited and affiliates/ group/holding companies to any registration or licensing requirements within such jurisdiction. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and observe any such restrictions.  

The data would be provided to the clients on an "as is" and "where-is" basis, without any warranty. Bajaj Financial Securities Limited or its subsidiaries and associated companies shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Bajaj Financial Securities Limited or its subsidiaries and associated companies to provide the data. In no event shall the Bajaj Financial Securities Limited or its holding and associated companies be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Bajaj Financial Securities Limited or its holding and associated companies.

ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at https://www.nseindia.com/

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : https://www.bajajbroking.in/pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.

THIRD PARTY PRODUCT DISCLAIMER

Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.