ITI shares gained attention on Tuesday, January 7, after hitting a 10% lower circuit.
The stock, which opened at ₹572.40 (up from its previous close of ₹545.80), fell sharply to ₹491.25 during intraday trading.
This sudden decline came after a massive rally in the past few days, with the stock price surging 43% in just two days.
Exchanges Request Explanation for Price Fluctuations
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) stepped in to address the unusual stock price movements.
On January 6, both exchanges asked ITI to clarify the reasons behind the volatility to ensure transparency and protect investors’ interests.
ITI shares had shown a significant increase, rising 19% on Monday and over 20% on Friday.
In its response, the company emphasized the importance of keeping the market informed with relevant updates.
Strong Growth Despite Recent Fall
Despite the recent drop, ITI shares have demonstrated remarkable growth. Year-to-date, the stock has gained 75% as of January 6 and 25% in 2025 alone.
In the last five days, the shares rose by 25%. On January 7, the stock reached an all-time high of ₹592.85, while its 52-week low was ₹210.20 on October 25 last year.
This marks an impressive 180% increase in less than three months.
