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Ideas for Profit | ITI’s FPO review: Turnaround story, subscribe for the long term

January 24, 2020 / 01:03 PM IST
Ideas for Profit | ITI’s FPO review: Turnaround story, subscribe for the long term

ITI Ltd (ITI) (CMP: Rs 92 and Mcap: Rs 8,337 crore) is a public sector undertaking (PSU) operating under the Department of Telecommunications (DoT). It has announced a follow-on public offer (FPO) with an issue size of Rs 1,400 crore. The price band had been fixed at Rs 72-77 a share. (image) About the company ITI has more than seven decades of expertise. It provides defence communication & security encryption products & services, optical and data network products & services and...

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