India's ITI Ltd hits near 1-year high as profit surges
07/01/2020 06:51
** Shares of telecommunication equipment manufacturer ITI
Ltd ITEL.NS up as much as 17.25% to 107.40 rupees, their
highest since Jan 25, 2019
** Co on Monday posted a more than 10-fold rise in net
profit from last year, helped by strong revenue growth
urn:newsml:reuters.com:*:nFWN299078
** ITI said its net worth has become positive after a period
of 16 years, and that it has a "sound order book"
** About 9.9 mln shares change hands, as of 0637 GMT,
compared with 30-day avg of 1.1 mln shares
(Reporting by Nallur Sethuraman in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 8067496031); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))