India's ITI near 3-year high on developing branded laptop, PC
11/09/2023 09:59
** Shares of telecom equipment maker ITI ITEL.NS rise as
much as 20% to 149.3 rupees, hitting the upper circuit
** Stock hits highest since Aug 19, 2020, rising after 2
consecutive sessions of losses
** ITEL on Monday said it developed its own branded laptop,
micro personal computer
** Branded as 'SMAASH', the two flagship products have been
designed with Intel Corporation, with which co signed MoU for
design, manufacturing
** Trading vol. is 11.8x the 30-day avg at 14:15 p.m. IST,
heaviest session since May 5
** Today's rise bumps up YTD gains to ~44%
(Reporting by Anisha Ajith in Bengaluru)
((anisha.ajith@thomsonreuters.com))