ITI Limited Surges on Strong Buying Interest

witnessed a remarkable rally in the stock market on Monday, November 2, 2026, with shares jumping nearly 19% intraday to touch ₹257.40. The stock attracted significant investor attention as trading volumes increased sharply, indicating strong buying interest from market participants. The rally came amid positive sentiment across the broader Public Sector Undertaking (PSU) space, where several government-owned companies witnessed strong buying activity. One of the major factors supporting market interest in ITI Limited is its growing presence in India's telecommunications and digital infrastructure sector. The company, which operates under the Government of India, is engaged in manufacturing telecom equipment, developing communication networks and providing technology-based solutions. Its business portfolio includes optical fibre products, routers, switches, GPON equipment, smart energy meters, cybersecurity solutions, data centre services and other communication infrastructure products. Another important development for the company is its ₹856.39 crore order from Bharat Sanchar Nigam Limited (BSNL) for the expansion of its 4G mobile network in Western India. The project covers 7,613 sites and includes planning, engineering, supply, installation, testing and commissioning of telecom infrastructure. This order strengthens ITI's position in India's ongoing indigenous telecom expansion and highlights the growing importance of domestic manufacturers in the country's communication ecosystem.