Telecom Sector Faces Volatility as ITI Experiences Notable Stock Decline

ITI, a prominent player in the Telecom Equipment & Accessories sector, experienced a significant decline of 4.99% on June 2, 2025. This drop comes as the stock has underperformed its sector by 4.18%, marking its second consecutive day of losses, with a total decline of 9.73% over this period. The stock opened lower, with a gap down of 4.17%, and reached an intraday low of Rs 329.25.
Despite today's volatility, which saw an intraday fluctuation of 55.09%, ITI remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a mixed performance trend over different time frames.

In the broader market context, the Sensex has also faced challenges, falling by 0.77% today and continuing a three-week downward trend with a cumulative loss of 1.83%. Over the past month, ITI has shown resilience with a 28.11% increase, outperforming the Sensex, which has only gained 0.40%. Over the last three years, ITI's performance has been remarkable, with a 257.30% increase compared to the Sensex's 44.80%.