India's ITI jumps on deal to manufacture telecom products for smart cities
20/06/2023 07:09
** Shares of telecom equipment maker ITI Ltd ITEL.NS rise
as much as 5.8% to 115 rupees, highest since June 7
** Co said post market hours on Monday that it signed a
tripartite memorandum of understanding (MoU) with Centre for
Development of Telematics and Telecommunications Consultants
India Limited
** MoU for creation and delivery of telecommunication
products and related services for Smart Cities
** Stock on track to rise for a third straight session, if
gains hold
** Over 1.8 mln shares change hands as of 11:16 a.m. IST,
1.3X the 30-day moving average
** Stock extends YTD gains, currently up 8% from last year
(Reporting by Varun Vyas in Bengaluru)
((varunvyas.hebbalalu@thomsonreuters.com))