A surge of close to 8 per cent was seen on the NSE today when ITI share price hit a fresh 52 week high of Rs 53.70. Recently, on 5th December, 2016, the stock had broken its previous one year high. Thereafter, on the 7th December it repeated the stunt by trading at Rs 40.75. Again on 8th December, ITI share price soared as high as Rs 42.15, breaking its previous day’s record high. On Friday, on 9th December 2016, the stock traded at a new high of Rs 44.80.
At 2:21 pm, a massive total of over 34 lac shares had changed hands on the NSE counter having a traded value of Rs 1798.56. The lower price band stood at Rs 44.10 while the upper price band read at Rs 53.90. The stock opened at Rs 49.
Important Fundamentals of the stock:
The company is consolidating its diversification into ICT - Information and Communication Technology to hone its competitive edge in the convergence market by deploying its rich telecom expertise and vast infrastructure.
ITI is a multibagger stock for this quarter as recognized by Dynamic Levels, based on their technical and fundamental research it is seen to have traded in very high volumes. Multibagger stocks have a great potential to grow in the long run.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to ITI share price history.
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