ITI share price suffered a massive loss of almost 10 per cent in early trade on the BSE on Tuesday, January 7, a day after the BSE and the NSE sought clarification from the company regarding the significant movement in price. ITI share price opened at ₹572.40 against its previous close of ₹545.80 and plunged 9.8 per cent to the level of ₹492.55. Around 9:55 AM, the stock traded 8.87 per cent down at ₹497.40 on the BSE.
The stock exchanges sought clarification from ITI about the abnormal stock price movement as it surged over 43 per cent in the previous two sessions. The stock surged over 19 per cent on Monday and 20 per cent on Friday.
“The exchange has sought clarification from ITI on January 6, 2025, with reference to significant movement in price, in order to ensure that investors have the latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded. The reply is awaited,” said the company.
