India's ITI gains most in over a month

ITI

28/09/2022 05:10

** Shares of telecom equipment maker ITI Ltd  ITEL.NS  rise
as much as 6% to 109.70 Indian rupees ($1.34), their biggest
intraday pct gain since Aug. 19
    ** State-owned ITEL's shares hit their highest since Sept.
23
    ** More than 1.03 mln shares change hands by 0406 GMT, 1.7x
30-day avg of nearly 618,000 shares
    ** Stock down 12.1% so far this year, up to last close vs
S&P BSE Telecommunication Index's  .SPBSTLIP  6.9% fall
($1 = 81.8900 Indian rupees)
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))