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Friday, December 25, 2009

ITI Ltd:Buy/sell/hold,growth prospects and recomendation,news and results,target price and analysis,views and outlook

Scripscan:ITI Ltd
BSE code:523610

Story:With state-of-the-art manufacturing facilities spread across six locations and a countrywide network of marketing/service outlets, the company offers a complete range of telecom products and total solutions covering the whole spectrum of Switching, Transmission, Access and Subscriber Premises equipment.ITI has started buzzing bigtime with big volumes as the Union Cabinet recently extended an existing regulation till September 2010 under which BSNL & MTNL will have to source 30% of their equipment orders from it.Now before going gung-ho for the scrip one needs to look at the fineprint properly.Its just a regulation and mind you folks the same hasnt been made mandatory yet.The catch is that despite the existence of this clause, BSNL & MTNL have not placed orders with ITI for previous contracts citing its poor track record and its inability to deliver equipment on time.ITI has close to 13,000 employees across its plants in Bangalore, Mankapur, Rae Bareily, Naini, Srinagar and Pallakkad.The government is looking to sell three of its six units and thus the incomings of regulations and all.So far, Huawei and Alcatel-Lucent are the only companies to have shown interest in buying out the plants run by the PSU.Its also being said that ITI would be paid for the orders in advance to the tune of 70%.Now if the regulation gets mandatory ITI would have a dream run in the bourses as there would be serveral bidders who would like to cash in considering the benefits.So investors holding the company can continue to hold as this sort of stuff would pour in often resulting in some instant spikes for the counter.If the regulation gets mandatory as mentioned earlier one would struggle to get ITI at present prices then.

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