Stock market news: ITI shares gain nearly 1%

NEW DELHI: Shares of ITI Ltd. traded 0.5 per cent up in Wednesday's trade at 11:32AM (IST). Around 91,659 shares changed hands on the counter.

The counter opened at Rs 119.1 and touched an intraday high and low of Rs 121.3 and Rs 119, respectively, in the session so far. Shares of the company of ITI Ltd. quoted a 52-week high of Rs 151.65 and a 52-week low of Rs 44.8.

Total market cap of the ITI Ltd. stood at Rs 11055.18 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 165.01 crore for the quarter ended 30-Jun-2020, down 74.63 per cent from previous quarter's Rs 650.48 crore and down 2.52 per cent from the year-ago quarter's Rs 160.95 crore.

The net loss for latest quarter stood at Rs 102.29 crore, up 67.58 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2020, foreign institutional investors held 0.02 per cent and the promoters 90.3 per cent.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 100.86 and a price-to-book ratio of -15.43. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

ITI Ltd. belongs to the Telecommunications - Equipment industry.