ITI shares were in the spotlight during trading on Tuesday, January 7, after hitting a lower circuit of 10%. The stock opened at ₹572.40, compared to its previous close of ₹545.80, but fell sharply to an intraday low of ₹491.25.
This sudden decline follows a significant surge in the stock price over the past few days, including a 43% rise in just two days.
In response to this volatility, the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) sought clarification from the company.
Clarification Sought by Stock Exchanges
The BSE and NSE requested ITI to explain the unusual fluctuations in its stock price.
On January 6, the exchanges asked the company for details to ensure investors have the most up-to-date information and to protect their interests.
The stock had seen a 19% increase on Monday and over 20% on Friday. ITI responded, stating that the clarification was sought to maintain transparency and provide relevant information to the market.
Stock Performance Overview
Despite the recent fall, ITI shares have shown remarkable growth. The stock has gained 75% year-to-date as of January 6 and 25% so far in 2025. In the last five days alone, the shares have risen by 25%.
The stock reached its all-time high of ₹592.85 on Tuesday, January 7, and hit a 52-week low of ₹210.20 on October 25 last year, marking an impressive 180% increase in less than three months.
BSE and NSE Seek Clarification
The stock price fluctuations raised concerns, prompting both the BSE and NSE to ask the company for clarification. On January 6, the stock had surged by 19%, and the day before, it had risen by more than 20%.
In response, ITI issued a statement confirming the exchanges’ request for clarification. The company said this was to ensure investors had up-to-date information and to protect their interests.