India's ITI rises on manufacturing parts for Chandrayaan-3 mission
18/07/2023 06:50
** Shares of telecom equipment maker ITI Ltd ITEL.NS rise
as much as 4.2% to 113 rupees, their highest since June 20
** ITEL said on Monday it manufactured 55 packages for
flight vehicle in Chandrayaan-3 mission
** Adds that it won accolades from Indian Space Research
Organisation (ISRO) and Department of Telecommunications
(Ministry of Communications) for its role in the launch
** Stock on track to rise in third straight session, if
trends hold
** Nearly 1.4 mln shares change hands as of 10:55 a.m. IST,
2.3x the 30-day moving average
** Stock up 4.7% YTD as of last close
(Reporting by Varun Vyas in Bengaluru)
((varunvyas.hebbalalu@thomsonreuters.com))