Tag: ITI

The Nifty50 closed above the 20,000 mark on September 13, supported by banks. The index rose 77 points or 0.39% to close at 20,070. The Bank Nifty gained 398 points to 45,909. The top gainers on the Nifty50 were Punjab National Bank (8.5%), Aarti Industries (5.6%), and ITI (19.4%). Experts believe that the market is expected to continue its upward momentum in the coming sessions, but investors should be cautious of profit-booking at higher levels.

ITI shares surged 20% after the company announced the launch of its own branded laptop and micro PC. The products have been developed in partnership with Intel and are being well-received in the market. The company has also won two tenders from Kerala Infrastructure and Technology for Education.