Here’s Why This State-Owned Stock Jumped 5% on April 9

ITI Shares Surge 5% on April 9 Following BharatNet Phase-III Announcement 📈

Shares of ITI, a state-owned telecom manufacturing company, rose 4.98% to an intraday high of ₹254.40 on April 9, 2025 📊
The price jump followed ITI’s announcement of commencing work on the State Network Operations Center (S-NOC) for the BharatNet Phase-III Project in Solan, Himachal Pradesh, in coordination with BSNL 📡
The S-NOC will monitor and manage the performance, security, and availability of the project’s network infrastructure 🖥️
ITI had emerged as L1 for the BharatNet Phase-III Project in Himachal Pradesh, West Bengal, and Andaman & Nicobar Islands, with a total order value of ₹5,050 crore 💰
ITI is a leading provider of defense electronics and telecom products, with state-of-the-art manufacturing facilities across India 🇮🇳
Market Capitalisation stands at ₹24,036.59 crore on the NSE 💼

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