ITI's shares experienced a significant surge of 13% to Rs 362 in early trading on December 9, resulting in a notable increase of 24% over the past week.

This rise can be attributed to increased trading volumes and renewed investor interest. The morning session alone saw over 4 crore shares exchanged, contributing to a total of 12 crore shares traded over two days. This volume is considerably higher than the average of 2 crore shares traded over the past month and week.

Investor confidence has been further strengthened by ITI's recent contract win from the Directorate of Geology & Mining, Government of Uttarakhand. The contract, valued at approximately Rs 95 crores, involves ITI serving as the work agency for the Mining Digital Transformation & Surveillance System (MDTSS) project. The project entails the development, implementation, and maintenance of the system across four districts: Dehradun, Haridwar, Udham Singh Nagar, and Nainital, specifically at 40 check gates.