ITI shares surge 15%, post best day in 14 months amid spike in trading volumes Shares of the state-run telecom equipment and smart meters maker ITI posted their best day in over a year on Monday, March 16, in a highly volatile trading session. ITI shares rose as much as 15%, its biggest intraday gain since January 6, 2025, to hit an intraday high of ₹279 on the National Stock Exchange (NSE). On the BSE, ITI shares also jumped 15% amid a sharp spike in trading volumes. The surge followed a dramatic increase in trading activity, with the stock’s volume jumping 167 times to over 5.38 crore shares compared to an average of 3.22 lakh shares. On the BSE, 34.78 lakh shares were traded, far exceeding the average of 25,000 shares in the past two weeks. The sharp rise in ITI shares came despite the company’s recent financial performance, which included a net loss of ₹25 crore in the third quarter of the current financial year, compared to a loss of ₹49 crore in the same period last year. Revenue from operations dropped 50% to ₹515 crore, down from ₹1,034 crore in the year-ago period. However, ITI reported stable operational performance, with EBITDA at ₹26 crore, compared to an EBITDA loss of ₹11 crore in the previous quarter. The surge in ITI shares also coincided with broader market movements, as the NIFTY 500 index closed lower by 0.65% at 1:30 pm. ITI shares traded 9% higher at ₹264.85, outperforming the benchmark index. Separately, a parliamentary panel has urged the power ministry to accelerate the installation of smart meters across the country. The report highlighted that the pace of smart meter deployment has fallen far below targets, with only 5.83 crore meters installed by February 15, 2026, against a government target of 25 crore by March 2025.#parliamentary_panel #bse #national_stock_exchange #iti #smart_meters
