PSU stock ITI hits 5% upper circuit for third day in a row. What’s behind the rally?

Stock market today: Shares of public sector undertaking Indian Telephone Industries hit the 5% upper circuit limit on Friday, February 21, taking its winning streak to the third straight session. The company has received a revised order from the AMRCD, stipulating that ITI shall transfer its 22.258 acres of land situated at Electronic City, Bangalore to C-DoT through a sale deed for a consideration of ₹200 crores, stated the exchange filing shared by the company. ITI received an initial tranche of ₹100 crore from C-DoT on February 19, 2025, as part of the executed sale agreement between the company and C-DoT. Share Price Trend ITI share price hit the 5% upper circuit limit for the third consecutive session on Friday, taking the three-day gains to 15%.