Telecom equipment manufacturer ITI shares hit 52-week high; here is why

ITI Ltd share price: Shares of ITI Limited, a central PSU under the Ministry of Communication, zoomed 20 per cent to hit a 52-week high of Rs 149.40 apiece on the BSE on Monday, September 11, after the company announced it has developed its own branded laptop and micro PC in the market that matches international quality and performance.

Branded as ‘SMAASH’, the products have already been deployed in the market, and ITI Limited has won many tenders competing against MNC brands like Acer, HP, Dell, and Lenovo. The two flagship products—the laptop and micro PC—have been designed in association with Intel Corporation, with which an MOU has been signed for design and manufacturing, the company said in its press release.

ITI Limited is one of the leading telecom companies in India and a multi-unit central public sector undertaking. It is a total solution provider in the telecommunications segment. The company boasts state-of-the-art manufacturing facilities in six locations (Bengaluru, Naini, Raebareli, Mankapur, Srinagar, and Palakkad), along with an in-house R&D centre in Bengaluru and marketing, sales, and projects (MSP) offices spread across the country.

"SMAASH laptops have variants like i3, i5, i7, etc., and the base configuration with Celeron models is specially designed for students. ITI Limited has recently won two tenders from KITE-Kerala Infrastructure and Technology for Education and has supplied around 9000 laptops to the government schools in Kerala," the company said in its press release.

The SMAASH products have acquired all the statutory certifications such as BIS (Bureau of Indian Standards), ROHS Restriction of Hazardous Substances, BEE (Bureau of Energy Efficiency), CE (European Conformity), FCC (Federal Communication Commission), and so on. SMAASH laptops and PCs are designed and manufactured for consistent performance, ITI added.