ITI shares witnessed a remarkable surge during Tuesday's trading session, climbing 6.92% to reach ₹316.15 and hitting a fresh 52-week high. The PSU telecom company's stock attracted significant investor attention amid exceptionally heavy trading volumes across both major exchanges.

Trading Activity and Volume Surge

The stock's performance was particularly noteworthy given the substantial increase in trading activity. Market data revealed impressive volume figures across exchanges:

The stock opened at ₹316.60 compared to Monday's closing price of ₹296.10, demonstrating strong opening momentum that sustained throughout the session.

Recent Corporate Developments

ITI announced several significant developments in recent weeks. On January 6, the company informed exchanges about a leadership transition, with Lt Gen Kanwar Vinod Kumar ceasing his role as Government Director upon reaching superannuation age on December 31, 2025.

More notably, the company secured a substantial infrastructure contract on December 30. The details of this major project win include:

This project forms part of broader efforts to develop world-class sports infrastructure in the high-altitude Spiti Valley region, situated at approximately 12,000 feet above sea level. The initiative aims to boost sports opportunities, promote youth engagement, and develop sports tourism in the Lahaul & Spiti district.

Stock Performance Analysis

Despite Tuesday's impressive gains, ITI's stock performance presents a mixed picture across different timeframes:

The stock's 52-week range demonstrates its volatility, with the high reached on Tuesday at ₹316.15 and the low recorded at ₹233.20 on February 19, 2025. As of January 13, 2026, the company's market capitalisation stood at ₹30,315.98 crore.

Market Context

No specific fundamental triggers were identified for Tuesday's sharp upward movement, suggesting the rally may have been driven by technical factors or renewed investor interest in the PSU telecom sector. The significant volume surge indicates broad-based participation in the stock's movement, with both institutional and retail investors likely contributing to the trading activity.

State-run PSU ITI Ltd has secured a significant ₹72.76-crore contract for constructing an ice hockey rink facility in Himachal Pradesh, marking a notable expansion beyond its traditional telecom manufacturing operations.

Project Details and Scope

The contract has been awarded by the Office of the Deputy Commissioner, Lahaul and Spiti district, for establishing the facility at Kaza Soma on a turnkey basis. The comprehensive project scope includes:

Infrastructure Components

The project encompasses development of a complete ice hockey facility with modern amenities and supporting infrastructure:

• Full-fledged ice hockey rink facility
• 500 kW solar power backup system
• CCTV surveillance network
• Comprehensive lighting systems
• Related accessories and supporting infrastructure

Strategic Context for Ice Hockey in India

Ice hockey remains a niche sport in India, with presence primarily concentrated in high-altitude regions where natural climatic conditions support the sport. These areas include Ladakh, Lahaul-Spiti, and parts of Himachal Pradesh. India currently competes in the lower tiers of the International Ice Hockey Federation (IIHF) rankings, primarily participating in Division III tournaments with limited access to modern training and competition infrastructure.

Business Diversification for ITI

This project represents a strategic shift for ITI Ltd, demonstrating the company's expansion beyond its core telecom manufacturing business into infrastructure and system integration projects. The move reflects ITI's efforts to diversify its revenue streams and leverage its technical capabilities across different sectors.