ITI share price locked in 5% upper circuit; Here's what sparked the rally?

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ITI share price locked in 5% upper circuit; Here's what sparked the rally? - Business Standard

Quick Summary:

The remaining balance is expected to be received upon the completion of additional statutory formalities.

At 10:09 AM, shares of ITI were trading 3.05 per cent higher at Rs 308.90 per share.

The company has state-of-art manufacturing facilities in six locations including Bengaluru, Naini, Raebareli, Mankapur, Srinagar and Palakkad, coupled with an in-house research and development (R&D) centre in Bengaluru and marketing, sales & projects (MSP) offices spread across the country.