India's ITI up on 2 bln-rupee land deal

ITI

12/07/2024 09:47

** Shares of ITI  ITEL.NS  up 8.3% at 334.05 rupees
    ** Telecom equipment-maker says it will sell land to a
state-run telecom equipment firm for 2 bln rupees ($24 mln)
    ** Stock on track for best day since April 22
    ** More than 12.8 mln shares traded so far, stock's busiest
day since May 22
    ** Stock up ~4% so far this week, on track to post a weekly
rise in five out of six weeks

($1 = 83.5208 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))