ITI Stock Continues Downward Trend Amid Broader Market Gains and Significant Monthly Decline

Feb 04 2025 10:45 AM IST
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ITI, a key player in the telecommunications equipment sector, has seen its stock decline for two consecutive days, totaling a loss of 7.32%. The stock has faced significant challenges over the past month, dropping 34.83%, and is currently trading below multiple moving averages, indicating a bearish trend.
ITI, a prominent player in the telecommunication equipment sector, has experienced a notable decline today, with its stock price dropping by 3.36%. This performance marks a continuation of a downward trend, as the stock has now fallen for two consecutive days, accumulating a total loss of 7.32% during this period.

In terms of intraday trading, ITI reached a high of Rs 315.4, reflecting a modest gain of 2.29%, but subsequently fell to a low of Rs 293.1, representing a significant decline of 4.95%. The stock's performance today underperformed the broader market, lagging behind the Sensex, which recorded a gain of 0.41%.

Over the past month, ITI has faced substantial challenges, with a staggering decline of 34.83%, while the Sensex has only dipped by 2.17%. Additionally, ITI is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend in its stock performance.
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