ITI LTD – News & updates

Government of India Enterprise entering into Security and surveillance Sector
Indian Telephone Industry Launching Wholly Owned New Brand ” REIT ”

Today the Market size of security and surveillance industry is whooping 75000 crores in 2016 with the growth of 28% CAGR and catering only 4% of the Population & expected to grow exponentially after Entering Government enterprise Brand.This is first Time any Government PSU is Entering into High Growth Rated Industry of security and Surveillance. Indian Telephone Industries Limited – A Government of India enterprise with Enriched experience of 68 Years in Manufacturing Excellence will launch a wholly Owned New Brand ” REIT” with state of the art Security and surveillance Products. With the expectation of Being a Government PSU Brand , We are assuming them to acquire 40% of the Market Stake in Government Sales and Open Market sales.With Government PSU Brand we are assuming that industry will Re organise and Structured in better way.

* ITI LTD has bidded for Smart Metering tender from Energy Efficiency Services Ltd(EESL). EESL is the joint venture company`s of NTPC, PFC,REC, and powergrid under ministry of Power. We are L1. The approximate value of the order is about Rs 800 crore to be supplied in two to three years.

Points to be discussed in respect of ITI Ltd :

1. Freehold land in Balance Sheet is approx 2200 cr.
what is the market value.
2. Data Centre :
a)Investment in 1st phase is 200 cr. what is the total investment in this.
b) Benefits to accrue to the company

3. Order book as on date and expected orders for GPON project under Bharat Net phase 2

4. MOU with HAL Have any orders trickled to the Company.

5. ISRO tie up.Further development. Any more orders to come for future .

6. Contract Manufacturing from Bharat Electronics Ltd.
a)Defence products
b)POS machines
c)EVM for 2019 Elections
d)Set top boxes

7. Office building on Magrath Road:-
Value of premises and ongoing rent for the same.

8. FPO
a) when expected
b) how many shares to be offloaded
c) money to be used for expansion or other purposes like debt repayment or return of grants to the Govt.

9. Status of IOT

10. Status and commencement of GST upgradation contract to the company as well as tie up with INFOR

11. Setting up of Wi Fi hotspots in the country

12. Total expansion and sources of funds

13. 30% of procurement orders from BSNL and MTNL valued at what amount for the coming year.

14. Development stage of 30 acres of land in Benguluru to be jointly developed with NBCC, value of the project and completion,status of the same etc.

The old days of glory seems to be returning to PSU stock which once was the market leader in telephone equipments. Now it is working in various verticals. Recently the Govt is trying to revive ITI by giving it more orders which ITI is either doing by manufacturing or sourcing it through various vendors in India or abroad. This PSU has started seeing changes from March ’17 quarter where it posted record numbers. The loss making company posted profit of 305 crs. It also has order book of 1600 crs from various govt PSUs like Mtnl, Bsnl, Bbnl, Drdo, ISRO , Dot etc. 

The revenues are more than double in the past three years. 2014-15-650cr , 2015-16-1150 cr
2016-17-1621cr and expected revenue for 2017-18 is 2700 crs. From a loss of 297 crs in 2014-15 they have done a profit of 305 crs in 2016-17 but with the help of GOI grant. Actual loss was around 56 crs. Thus year the company is poised to make actual profits by standing on it’s own feet without any grants.

Going ahead ITI has support from the govt giving it grants to the tune of 4156crs to revive it’s financial health and manufacturing units too. 

ITI, which targets to make its first profit in 14 years this fiscal, will opt for contract-based hiring as it aims to reduce the workforce from its current 3,900 to 2,500 over the next three years.

ITI was officially declared sick in November 2004 after it came under the purview of the Board for Industrial and Financial Reconstruction. At its peak, it employed 35,000 people.The ideals of the company have changed since it was set up in 1948, earlier, it was meant for employing as many people as it could in different regions. Now, with advancements in technology, fewer people have become the norm.The average age of employees is now 55 years. “With new technology, you need young blood and we have opted for a five-year tenure-based hiring. The company is aiming to bring down the average age within 2-3 years to about 34 years.”

The state-owned firm, with the Government holding 94.86%, sees opportunities in the Centre’s initiatives such as Digital India, Make in India, Preferential Market Access and smart infrastructure coupled with technologies such as 5G, Internet of Things and sensor drivers. ITI has identified potential partners for the initiatives.

ITI plans to even out its revenues from the three sectors which it focuses on. “30% of revenues will come from the telecommunications market, 30% from the services sector and another 30% from new technologies such as smart city and IoT. The rest will come from small services.”

Some business verticals which the company is planning to start are as follows:

According to the company, they are home to a huge telecom manufacturing facilities setup which startups in the country can make excellent use of. As of today, ITI is closely working with 22 startups including famous names like Cardiac Design Labs, Citrus Platform Solutions, Hanbit Automation Ltd, Yuktix Technologies Ltd etc. Most of the startups belong in the smart city technologies and IoT space. ITI helps the startups in manufacturing prototypes and even provide them a helping hand into getting in the market. The company is currently tying up with these startups on a revenue sharing model rather than going for a stake in the equity as the company believes the previous model helps them in pushing themselves in helping the startups to succeed.

In addition to this, under the Indian government’s Swachh Bharath Mission, ITI is associated with the Ministry of Urban Development (MoUD) to install feedback devices at the public and private toilets so as to regularly monitor and maintain their cleanliness. In order to manufacture these devices, ITI is partnering with several startups and the volume of this business can help ITI in significantly turning around its fortunes.

Online implementation Feedback devices for toilets under Swachh Bharat Scheme(Revenue st 945 ₹ per month per device) be installed at  all toilets.can be a money making machine for the Co.

Plans to invest 200cr to start data centre business which will be their second one.
Co.can be a contract manufacturer  for POS machines, Set top boxes, EVM s  to BEL, etc

Manufacturing units at 6 prime areas in the country with the largest land bank among PSU’s.

30% of the procurement orders from BSNL , MTNL and BBNL under Reservation Quota Policy.

Chooses INFOR for speedier GST compliance and speedier decision support system.

The telecom will be soon launching its very own Centre of Excellence for Internet of Things (IoT) so that it can easily engage with startups working in the area and together they can cater to the growing business opportunities in the Indian subcontinent. The 20,000 sq feet CoE will help the company in exhibiting its product under MoU with partners and startups.

The company targets 7000cr army project to be implemented in next 10-13years. It may just be the start into this sector for the company.

ITI Ltd., has floated a tender for appointing a Technology Provider who shall be ready to meet the BSNL tender conditions with respect to all activities like Supply, Installation, Commissioning, Operation and Maintenance of 25000 Public Wi-fi hotspots at BSNL‘s rural Telephone Exchanges on turnkey basis.
The company holds 380 acres of land in Banglore on both hsides of the OlD Madras road.The company now plans to monetise it by giving it as short term lease to govt and private players. The value of this land parcel is around 6000-8000crs.

ITI’s MOU with HAL for manyfacture of defence equipment has helped its foray into defence.

ITI Limited Palakkad Contributes for ISRO GSLV MkIII Launch by tying up with ISRO

REIT India is also another initiative by ITI providing security and surveillance to the common man under Digital India

ITI facilities also manufacture solar panels, li-ion batteries, HDPE pipes,etc.

Looking at all these positive developments happening  we assume that the company will regain it’s lost glory and should be among GOI s leading PSU. Although we have set a short term & mid term Target of 205-265, the company can achieve higher targets for the patient long term investor.

Last but not the least the company also will be coming up with an FPO to reduce it’s stake from 94.86% to sub 75 %.

Technically also there is a rounding bottom breakout which suggests there can be a smart upmove. Short-term target Rs 205. Mid term 265. Ultimate target is Rs 400 ++ – 450.

Kotak Securities _ Technical pick ITI LTD Diwali Samvat 2074


DISCLOSURE: The stock views expressed may be biased and for learning purposes, please do your own research before Investing or one may always consult his Financial Advisor Before Investing if any.


Stock performance update for ideas posted on the blog :

Hello folks, Happy New year to all.


1. V2Retail : V2 was the first stock idea shared on the blog as Valentine’s Day gift 8 months ago @ Rs 173.40. The stock recently made new 52 week high of Rs 548.80. Our earlier target of Rs 500 is achieved here. However as per fresh technical patterns once can expect Rs 650 ++ in short term. Company is reporting strong numbers. Also pe firm bought stake in company. Hold. Short-term traders can buy with an sl of Rs 476 for 650++ levels.

2. Genesys Int : Was shared @ rs 168.30 for price target of Rs 230. We had advised to book profits. However the stock made a high of rs 391.20. Those who are still holding can hold for Rs 398 and can trail sl as per your comfort.

3. Shree Pushkar Chemicals : Was shared @ Rs 173.80. Made a 52 week high of Rs 285.95. Target of Rs 300 was provided still open. Chemical stocks are performing. It’s a hold as of now.

4. Tanla Soulutions : Was shared @ Rs 53.30. The stock made some gains. However sl was triggered eventually. Supply increased in the counter. Exit & Avoid Tanla as of now.

5. Gravita Ltd : Was shared @ Rs 58.20 for target of Rs 95. Made a 52 week high of Rs 172. Hold for tgt of Rs 197.

6. Sankhya Infotech : Was shared @ Rs 57. Made high of rs 69.70 and later has been going down. Exit Sankhya Infotech if holding.

7. Crest Ventures : Was shared @ Rs 198.50. Made a 52 week of 214. One can still buy & hold for targets shared earlier.

8. ITDC : Was shared @ Rs 467. Made a 52 week of Rs 747 in a short span of time. One can hold or add @ cmp for tgts provided earlier.

9. Asian Oilfield : Was shared @ Rs 209.10. Once can hold or add @ cmp for tgts provided earlier.

10. ITI LTD : Was shared @ Rs 90.20. Made a 52 week high of rs 162.45. Hold with conviction targets are big. Also who have not bought can accumulate and hold. Turnaround story and company is getting contracts. Also couple of brokerage houses have shared their view – coverage. Defence contract of Rs 7000 crore. Also company is bidding for many contracts. Also stock is recommended frequently in Stock 20 20. Think about these facts. Short-term target Rs 205. Mid term 265. Ultimate target is Rs 400 ++ – 450.

Please note : Not provided
percentage gains or misses as you are smart enough to calculate those. Be a money farmer. Hold stocks those are performing and trail sl as per your comfort once tgts are met. Going forward we will try to provide periodic reviews and updates.

Thanks & Stay tuned,
Dk Technical Analysis.


Good news…. ITI doesn’t have to  pay interest to govt for money received.  Instead company will issue shares to govt….thus ITI will have more money for more production…results expected to be good since FPO planned.


  • BSNL, Coriant team up for industrial 5G applications. ITI Ltd Palakkad is carrying out the supply, Installation, testing and commissioning of Managed Leased Lines Network Equipment ( MLLN ) for expanding the existing BSNL network.
  • State-owned telecom firm BSNL will set up 1 lakh wi-fi spots across India by March 2019, Chairman and Managing Director Anupam Shrivastava said today.  
  • “We have plans to set up  1 lakh wi-fi by March 2019, which include 25,000 for rural areas. The USOF (Universal Service Obligation Fund) will provide financial support for rural wi-fi hotspots,” Shrivastava told reporters on the sidelines of launching a GST application for BSNL customers. 
  • ITI Ltd., has floated a tender for appointing a Technology Provider who shall be ready to meet the BSNL tender conditions with respect to all activities like Supply, Installation, Commissioning, Operation and Maintenance of 25000 Public Wi-fi hotspots at BSNL‘s rural Telephone Exchanges on turnkey basis. ITI Ltd  will also be doing the same exercise for the rest of the 75000 wifi hotspots.



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Multibagger & Technical Pick: ITI LTD Indian Telephone Industries Limited


CMP : ₹ 90.20

Target : ₹ 450 (time frame 2 years).

Type : PSU.

Founded : 1948.

Sector : Telecom

Industry : Telecommunications Equipment & Services.

Headquarters : Bangalore, India

Number of Employees Total : 3951

R & D Centers : Bangalore, Naini & Mankapur.

Quality System :  ISO 9001:2000 & ISO 14001 :2004.

Total Market CAP  : 5,068.00 Cr

Website :

Key person : Gopu, Chairman & Managing Director.

Company Profile : ITI Ltd is in the Telecom sector and is a state-owned telecommunications equipment manufacturer. India’s first Public Sector Unit (PSU) – ITI Ltd was established in 1948. Ever since, as a pioneering venture in the field of telecommunications, it has contributed to 50% of the present national telecom network. 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. Multi-locational state-of-the-art electronic assembly & component manufacturing facilities accredited with ISO 9001:2000. Multi-locational ISO 14001 :2004 Environmental Management System certified plants First Indian company to manufacture BTS & other infra products for GSM / WiMAX. Countrywide marketing and customer care centers.

In-house R&D for absorption of technology, indigenous development of products for in-house manufacturing.

ITI joined the league of world class vendors of Global System for Mobile (GSM) technology with the inauguration of mobile equipment manufacturing facilities at its Mankapur and Rae Bareli Plants in 2005-06. This ushered in a new era of indigenous mobile equipment production in the country. These two facilities supply more than nine million lines per annum to both domestic as well as export markets.

The company is consolidating its diversification into Information and Communication Technology (ICT) to hone its competitive edge in the convergence market by deploying its rich telecom expertise and vast infrastructure. Network Management Systems, Encryption and Networking Solutions for Internet Connectivity are some of the major initiatives taken by the company.

Secure communications is the company’s forte with a proven record of engineering strategic communication networks for India’s Defence forces. Extensive in-house R&D work is devoted towards specialized areas of Encryption, NMS, IT and Access products to provide complete customized solutions to various customers.

History :

YEAR EVENTS 1950 – The Company was Incorporated as a private limited company on 25th January, at Bangalore. The Company was the first public sector undertaking started in 1948 by the Government of India after independence. The Company became a public limited company on 23rd November, 1985. The main objects is to design, manufacture and supply telecommunication equipment such as telephone instruments, electromechanical exchanges, transmission systems, electronic exchanges and ground stations for satellite communications.

– The Company has its own R&D division to play its role in technology innovation, upgradation and adaptation. Advanced facilities and infrastructure were established for research and product development.

– It was proposed to be met by floating bonds to the public, funds in the form of budgetary support from Government and internal accruals.

1979 – 90,064 shares allotted without payment in cash. Out of the total shares issued, 31,250 shares were held by Karnataka Government and 14,68,750 shares were held by Govt. of India.

1982 – 15,00,000 shares issued to Government of India.

1983 – 17,00,000 shares issued to Government of India.

1984 – 23,00,000 shares issued to Government of India.

1985 – 18,00,000 shares issued to Government of India.

1987 – Under the `B’ Series issue 11,89,966-10% tax free non-convertible bonds of Rs 1000 each and 10,60,034-14% non-convertible bonds of Rs 1000 each were issued for public subscription. 7,93,230-13% non-convertible bonds of Rs 100 each were privately placed bonds with 10% interest rates (tax free) are redeemable after 10 years while the other bonds are redeemable after 7 years from the date of allotment.

1992 – The OCB 283/CSN project in technical collaboration with M/s. ALCATEL was taken up at Mankapur, Bangalore and Palakhad units.

– The Company has a production capacity to manufacture exchange equipments based on C-DOT technology totally 750 KL at E.C. Plant Rae Bareli and at Bangalore.

– The Micro Electronics Division has the facilities to manufacture Think film, thick film, VLSI packaging, VLSI processing, ASK Testing and Mask Centre (E-Beam).

1993 – The Company proposed to enter into a joint venture with NKT of Denmark for optical fibre using Synchromous Digital Hierarchy (SDH) equipment with Korea Telecom and Korea Mobile Telecom for Radio Paging Services.

1994 – A joint venture Company called FIBCOM India Ltd. was set up with M/s. NKT Electronik A/S. Denmark and M/s. Industrialization Fund for developing countries.

– 9,81,310 No. of equity shares offered for sale were taken up at a price of Rs 59 per share by the employees of ITI.

1995 – ITI designed and developed PABX Exchange (MPABX-1000) at Mankapur plant, for provision upto 850 lines for operation. One Exchange was installed at Dehradun and others were under installation.

– The Army Static Switched Communication Network (ASCON) was designed, developed, manufactured and installed by the Company.

– New products inducted during the year are Digital Power Gain System (EK ANCH), 11 GHZ Digital Microwave Equipment, Display Telephone Instrument & HDSL.

– The Company proposed to offer new products viz. Transmission and subscriber end equipments, wireless loop, digital loom carrier besides HDSL equipment.

– ITI Equatorial Satcom Ltd. changed its name to M/s. India Satcom Ltd.

1996 – The Company entered into VSAT/MRTS Services. Also OCB 283/CSN projects were being implemented in the three manufacturing plants of ITI viz. Palakhad, Bangalore and Mankapur.

– The Company undertook to install three manufacturing plants viz. Palakhad (1000 KLOCB 283), Bangalore (1500 KL CSN) and Mankapur (500 KL CSN).

– The 16 KL main exchange was installed at Indranagar and 14 KL RSU installed at various location viz., whitefield Ulsoor, K.R. Puram etc. of Bangalore.

– New products such as ARMY VSAT, 8 Mb OLTE, Transportable Satellite Terminals were inducted and new technology for 6 GHZ M/W equipment was introduced. The Mankapur plant developed a New Power for recovery of core for rejected transformers.

– The Company proposed to offer new products covering switching access products, transmission and subscribed end equipments. Some of the products to be introduced include wireless local loop, digital loop carrier besides fairgain and HDSL equipment.

– ITI Equatorial Satcom Ltd. and Singapore Styled ITI Communication Pvt Ltd. are joint ventures of the Company.

1997 – During March 15% Government Guaranteed Redeemable Bonds `C’ Series of Rs 1,00,000 each issued aggregating Rs 2,785 lakhs. These are redeemable at par in March 2002.

– The Indian Telephone Industries (ITI), Bangalore plant, which has been going through a rough patch for some time, finally seems to be coming out of the woods, as they bagged the International Quality Management System Standard ISO-9002 for its new products division.

– Qualcomm Inc, the pioneer of CDMA (code division multiple access) technology for wireless communications, has entered into a strategic alliance with Indian Telephone Industries (ITI).

– ITI Limited has entered into a 76.24 joint venture with the US-based company Celcore. ITI under this marketing joint venture will produce cellular equipment for niche market.

– Celcore Inc of the US and ITI Ltd. have signed a joint venture agreement to market, sell and service global system for mobile (GSM) cellular systems.

– Indian Telephones Industries (ITI) Ltd. has entered the public mobile radio trunked service area – a two-way wireless communication system – with its formal lunching at Madurai in Tamil Nadu. ITI became the first public sector company to introduce such high-tech facility.

– Indian Telephone Industries Ltd (ITI), a public sector unit, is teaming up with Telecom Consultancy of India Ltd (TCIL) to undertake communication projects on turnkey basis and provide consultancy services to the railway, powerful oil sectors.

– The public sector Indian Telephone Industries Ltd. (ITI) will utilise prime land in its possession to setup technology parks.

– Three public sector undertakings (PSUs) – Mahanagar Telephone Nigam Ltd (MTNL), Indian Telephone Industries (ITI) and Telecom Consultants India Ltd – are likely to join hands to form a joint venture company to directly compete with private operators in the field of basic and cellular services.

– ITI proposes to set up two wholly owned subsidiaries for taking up exclusive operation of VSAT and MRTS.

– The company was set to sign an agreement with a foreign firm for a joint venture, on the lines of the Singapore Technology Park.

1998 – ITI Ltd, the country’s largest telecom company has won IMM award for excellence as “Marketing Company in the Organised Sector” for the year 1998. The award comprising of gold, silver trophy and a certificate of merit.

– ITI Limited will soon introduce the automated system technology for payment of bills and for coin change machines.

– Indian Telephone Industries (ITI) and its joint venture concern are set to bag a substantial portion of the Rs. 118-crore tender for synchronous digital hierarchy (SDH) equipment which was opened recently by the Department of Telecommunications (DoT).

– ITI Ltd, has set up very large scale integration (VLSI) fabrication unit to manufacture highly critical integrated circuits (chips) with an investment of Rs 153 crore, at its Bangalore plant.

1999 – CMC Limited signed an agreement with ITI Limited to implement an Enterprise Resource Planning software at the companies facility at Mankapur in Gonda district.

– ITI Ltd. has entered into a fresh agreement with Alcatel and has renewed its tow decade old agreement to further strengthen technological co-operations.

– The Indian telecom giant ITI Ltd, the first public sector unit to be set up after Independence, has charted out a strategy to portray itself as a dynamic organisation concentrating more on marketing activities along with a special focus on the export markets.

– ITI Ltd. is likely to be shortlisted for setting up the earth station at the proposed software technology park (STP) in Hubli.

– The Company signed an MoU with the DoT for its turnover of Rs 2,000 crore for the year 2000-2001.

2000 – The Company has commissioned the state-of-the-art V-SAT network designed and produced by it for the army as a move towards modernising the communication network of the defense force.

– Bangalore-based telecom major ITI has been awarded the Prime Minister’s MOU award for excellence for the year 1998-99.

– Compaq India and ITI Ltd have signed an MoU to leverage each others expertise to deliver soluions for businesses where there is an increasing convergence of telecom and IT.

– Ms Lakshmi G Menon has taken over as the chairman and managing director of ITI, India’s largest telecom equipment manufacturer.

2001 – Mr Vijoy Kumar, Deputy Director General, has been appointed as part-time official director of the company effective from 2nd March in place of Mr Rajeev Agrawal. U D Paradkar retires from Directorship of ITI Ltd

– ITI Ltd has informed BSE that Shri U.D.Paradkar, Director – Bangalore Plant of the Company has retired from the services of the Company on December 31, 2001.


-Mr U D Paradkar retires from the services of the company as the Director.

-Board approves the proposal for amendment to MOA of ITI Ltd for enhancement of Authorised share capital from Rs.100crs to Rs.250 crs by issue of preference shares under private placement.

-Ties up with Texas to develop IP Phones.

-Mr Pankaj Agarwal appointed as the Director on the Board of the company.

-Mr S K Manocha appointed as the Chairman and MD of ITI Ltd.

-Push button Phone of ITI receives Approved Inspection Scheme (AIS) certification.

-Comes out with Carrier class MPLS and MPLS-VPN (Multiprotocol Lable switching based virtual private network) solution to end customers.

-Appoints Mr J K Verma as the Director on the Board.

-Designs and Develops the first ever indigenious Web-enabled Smart Connect Call Centre.

-Forays into the International Long Distance segment.


-Signs MoU with Shenzhen-Zhongxing Telecom Ltd for setting up infrastructure for Code Division Multiple Access network in India.

-Shri Vijoy Kumar takes charge as the Chairman and MD of the company.

-Unveils India’s first Security Software Product E-Seal (Electronic Secure Encryption authentication Lock).

-Shri Y K Pandey assumes charge as the CMD of the company from May 6th.

-MTNL,BSNL , ITI Ltd and TCIL drop their plan to provide International Long Distance Services

-Mr S K Manocha relinquishes the Directorship on the Board of ITI.

-Declares itself sick under the Sick Industrial Companies Act following the erosion of more than 50% of its networth.

-Fibcom India Ltd, a joint venture between ITI and Tellabs receives the award for Excellence in Professional Electronics for 2001-2002 from Ministry of Communication and Information Technology.

-Emerges as the top telecom turnkey services company in the country.

-Board approves for the issue of L series of bonds of Rs.940 million on private placement basis with government of India Guarantee.

-ITI Ltd. declared itself sick under the provisions of Sick Industrial Companies (Special Provisions) Act, 1985, following the erosion of more than 50% of its networth.


-ITI forges alliance with Chinese firm to manufacture CDMA handsets

-ITI enquires on MTNL pact with Huawei

-ITI Ltd, Palakkad, gets Cochin Shipyard Rolling Trophy for industrial safety instituted by National Safety Council, Kerala Chapter, in the engineering industries sector.

-Signs MoU with Alcatel aimed at establishing long-term cooperation for digital subscriber line (DSL) deployment in the Indian market.

– Indian Telephone Industries ties up with France based Alcatel for supply and installation of Bharat Sanchar Nigam’s (BSNL) GSM network in the western region of India.

-Tejas Networks India Ltd, a telecom products company, has signed a five-year technical collaboration agreement with ITI Ltd for its TJ100 series of next-generation Synchronous Digital Hierarchy (SDH) products.


– Registered Office of the Company has been shifted from 45/1, Magrath Road, Bangalore – 560025 To ITI Bhavan, Doorvaninagar, Bangalore – 560016.


-ITI Ltd – Wins Top Telecom Turnkey Company Award -ITI Ltd has appointed Shri Ravi Agarwal, GM-GSM, of the Company as Director-Production on the Board of the Company with effect from October 31, 2006.

-Iti Ltd. has informed that Shri K. T. Mayuranathan, has assumed charge to the post of Company Secretary of the Company with effect from November 20, 2006, in place of Shri K. Ramaswamy, Company Secretary, who had earlier resigned.

-ITI Ltd has informed that Shri. Y K Pandey, Chairman & Managing Director of the Company on Earned Leave from November 01, 2006 to January 31, 2007 (both days inclusive). Shri. Pritam Singh, Director-Marketing, has been appointed as In-Charge Chairman and Managing Director, as conveyed vide DOT letter dated November 03, 2006.

-ITI Ltd. has informed that Shri R. Bandyopadhyay, Addl Secretary (T), Department of Telecommunication, New Delhi and Shri P.K. Tiwari, Director (R&P), Department of Telecommunication, New Delhi have been appointed as part-time Official Directors on the Board of ITI Limited, in place of Shri Pankaj Agrawala, JS, DIT and Shri N. P. Singh, DDG (IP) , DoT respectively.


-ITI Ltd has informed that in pursuance of DoT letter dated August 23, 2007, Shri. S K Chatterjee, Director-HR, of the Company has assumed the charge as Chairman & Managing Director (CMD) on the Board of the Company w.e.f. August 24, 2007 (Forenoon).


-ITI Ltd has informed that Shri. B P Gupta has been appointed as Director-Finance of the Company by the Government of India vide Ministry of Communications and IT letter dated December 31, 2007.

-ITI Ltd. has informed that “Shri K.K. Khurana has been appointed as Director-HR of ITI Limited by the Government of India vide Ministry of Communications and IT letter No. 4-7/2007-Fac-II dated 04.04.2008. He has assumed office on 04.04.2008.”

-ITI Ltd has informed that BIFR vide letter dated March 25, 2008 appointed Shri. C K Koshy as Special Director on the Board of Director of the Company u/s 16(4) of the Sick Industrial Companies (Special Provisions) Act, 1985.


– “ITI notches-up highest turn over in seven years”.


– K. L. Dhingra has been appointed as Chairman and Managing Director.


– Shri Ravi Khandelwal has been appointed as Director-Finance of ITI Limited.

– Shri. N K Srivastava, Sr. DDG (TEC). Department of Telecommunications as Government Director on the Board of the Company.


– Lt. Gen S. P. Kochhar, AVSM, SM, VSM, Signal Officer in-charge, Ministry of Defence and Shri N. K. Joshi, DDG (SU), Department of Telecommunication, New Delhi have been appointed as Government Directors on the Board of ITI Limited.


-ITI Bags National Safety Awards from Ministry of Labour & Employment. -ITI signs MoU with TSSC for special focus on Skill Development in the Telecom Industry.

2014 -ITI signs MoU with Department of Telecommunications. -ITI bags largest Non-RQ order for NFS. -An MoU was signed between M/s. ITI and M/s. HAL for exploring mutually beneficial business opportunities in the manufacturing and service domains.

2015 – ITI Limited celebrated Vigilance Awareness Week – ITI Limited gets “Certificate of Excellence Award -ITI signed MoU with HAL

2016 – Cabinet approves procurement quota to ITI Ltd

Business Standard – Jun 1, 2016

According to the Reservation Quota policy, 30 per cent of the procurement orders placed by BSNL, MTNL and BBNL will be reserved for ITI Ltd for the products manufactured by it and for those outsourced items in which there will be a minimum 5 per cent .

CCEA approves transfer of shares from ITI to SNI Fund

Jul 13  2016

2017 – State-run ITI clocks Rs 1621 crore turnover.

June 2017 :

ITI Limited, country’s premier telecom company, announced the financial results for the year 2016-17 with a profit of Rs 305 crores.

The Board of Directors of the company approved the results for the quarter ended March 31, 2017 and the audited results for the full year ended March 31, 2017 at their meeting held in Delhi.

Company’s total income for the year ended March 31, 2017 was 1,903 crores up from 1,674 crores for the year ended March 31, 2016. Net profit for the period before tax (after exceptional and/or extraordinary items) increased by 21% to Rs 305 crores for the year ended March 31, 2017 as against 251 crores for the previous year.

TAG-ITI Mobile Wallet : TAG-ITI is a Mobile Wallet offering from ITI, the first PSU of independent India under the Ministry of Communications & IT, Govt. of India, to provide “Secure Cashless Payment Services”, as per the DIGITAL INDIA initiative from the Govt. of India. We have the license to offer this solution to various customers from M/s Transaction Analysts (TA) who is our Technology Partner, and an RBI licensed Payment Systems Operator, UIDAI licensed AUA operator and Certification Agency for National Payment Corporation of India.

Install and start using :

1. Download TAG-ITI WALLET from Google play store in your android smart phone.

2. Open the application and register your mobile number and password.

3. After entering all details for registration form, the user will be logged into application & the welcome page  appears.

4. Once logged in, user need to validate the EMAIL by entering the OTP received in the Email.

5. On the TOP-Left Corner of the screen you can see your profile.

Unique advantages of TAG-ITI :

Complete Usability covering feature phone users.

OTP based “Pull Money” can be initiated by Merchant for feature phone users.

Feature phone users upon request, can get upgraded to “Smart”.

Customer can request for upgrade to “Agent /Merchant” wallet.

Wallet based Aadhaar mobile update services.

Wallet based Aadhaar cash disbursement services.

Wallet upgrade to Full KYC supported.

ITI Call Center support.

RESOURCES : Dedicated Network Systems Unit (Bangalore, New Delhi, Kolkata, Bhopal, Ambala) . State-of-the-art Manufacturing Plants (Bangalore, Mankapur, Rae Bareli, Naini, Palakkad, Srinagar) . R&D Centre.

PRODUCTS : Cellular Mobile Infrastructule-GSM, WLL-CDMA Switching-OCB-283, ISDN EPABX, IP-TAX, SSTP . Transmission- Satellite, Optical, Microwave, VHF /UHF . Broadband Equipment-ADSL, WiMAX, G-PON, EDWAS . Customer Premises Equipment-IFWT, ADSL Modem, CLI Phones . GSM-FCT (Fixed Cellular Telephone),; WiMAX CPE.

SERVICES : Systems Integration – Telecom, IT . Shared Hub V -SAT Services . Customer Care Service . Installation & Commissioning of Telecom Eqpt like GSM, CDMA, MLLN, Microwave, Optical Fibre, etc. . Pre-warranty & Post-warranty maintenance services for all Products/Projects . Services for all products/projects : . Enterprise businesses like Data Centers etc


* ITI is committed to the “Make in India” & “Skill India” initiatives of Government of India.

*  With the support of Government of India, ITI has upgraded the electronics manufacturing infrastructure to supplement indigenous manufacturing. ITI also plans to explore business opportunities in the IoT, e-Governance, ICT areas in addition to telecommunication, defense projects and also GSM initiative of the Northeast from BSNL.

* Telecom pioneer in India Contributed 50% to the existing national telecom network.

* High impact turnkey specialist.

* Dependable Integrated Logistics Support (ILS).

* Strong in-house R&D.

* ITI Ltd, country’s premier telecom company, announced the financial results for the year 2016-17 with a profit of Rs 305 crores. Company’s total income for the year ended March 31, 2017 was 1,903 crores up from 1,674 crores for the year ended March 31, 2016. Net profit for the period before tax (after exceptional and/or extraordinary items) increased by 21% to Rs 305 crores for the year ended March 31, 2017 as against 251 crores for the previous year.

* As on date ITI has order book of Rs. 1600 Cr. Further, ITI’s loses have drastically come down to 56 crores in 2016-17 from 247 crores in 2015-16 without any government grants which is an incomparable organizational achievement for the company.

* Highlighting the company’s achievement for the year 2016-17, S Gopu, Chairman & Managing Director, ITI Limited said, “I am delighted with the company’s financial performance along with the strategic initiatives the company has taken in last one year. This will allow us to continue to drive strong revenue growth and improved profitability in the coming years.”

* The Board has approved the further issue of equity shares through follow on public offer subject to necessary approvals from the statutory authorities and shareholders for meeting SEBI’s 25% minimum public shareholding compliance requirement and also to meet internal working capital requirement.

* Recently ITI has bagged various orders through competitive bidding including orders from  BBNL,  BSNL  and RailTel  for  supply  of  GPON  equipment  for Government of India’s flagship project “BharatNet”,  which is  providing  broadband  facility  to over  2.5  lacs Village  Panchayats  in India. ITI is committed to the Prime Minister’s vision of “Swatch Bharath”.

* This performance is an indication of the company treading on the path of Revival and we are setting much bigger targets to achieve better results in the coming years,” S Gopu, Chairman and Managing Director, ITI said. Gopu said that the company contained losses by introducing prudent financial and austerity measures and due to diversification into new business areas.

* The union cabinet approved the Department of Telecommunications’s proposal for continuing reservation quota for ITI Limited in procurement Amade by BSNL, MTNL and Bharat Broadband Network Limited (BBNL). The nod was given by the Cabinet Committee on Economic Affairs (CCEA) in a meeting chaired by Prime Minister Narendra Modi. According to the Reservation Quota policy, 30 per cent of the procurement orders placed by BSNL, MTNL and BBNL will be reserved for ITI Ltd. “The policy measures shall remain in force for a period of two years,” it said. “Provision of reservation quota from BBNL will provide further boost to the order book of ITI and help in improving its financial health,” the statement said.

Promoter Shareholding : As per the shareholding pattern, the promoters i.e President of India holds 94.80% stake and Governor of Karnataka has 0.06%. In public shareholding, Special National Investment fund holds 1.53% in the company.

Technicals & Price Target :

852121531_260596The stock  made a 52 Week high of ₹ 118 on 28th April. Stock had  witness profit booking and stock moved back to rs 70 odd levels and was in consolidation mode for some time. We had shared chart in social media @ 69 to buy and it moved smartly till Rs 110.5 within couple of weeks. It has formed a excellent classical technical pattern as same which was formed in ITDC, V2 Retail, Asian Oilfield,etc to name a few picks shared earlier on the basis of the same pattern. We feel that the company is a good buy. This is more a technical pick. One can buy/accumulate & hold with patience for 2 years, for a ultimate target of ₹ 450 i.e return of 5 times from cmp.

DISCLOSURE: We are not holding this stock currently. However we may buy in the near future. The stock views expressed may be biased and for learning purposes, please do your own research before Investing or one may always consult his Financial Advisor Before Investing if any.










Turn Around & Multibagger Stock : Asian Oilfield Services Ltd

logo BVAsian-logo-9K-UKAS

SCRIP CODE : 530355

TARGET :  ₹ 400 ++ ( 1 to 2 years)

Stock Overview :

Sector : Crude oil

Industry : Oil Exploration

Current Price: ₹ 209.10 (BSE)

Market Cap.: ₹ 545.22 Cr.

Face Value: ₹ 10.00.

Listed only on BSE.




Screenshot_20170430_025201  Screenshot_20170430_025116

Company Profile & History : Asian Oilfield Services Limited is an India-based oilfield services company. The Company specializes in a geophysical range of onshore seismic and drilling services, including acquisition, imaging and field evaluation. The Company’s segment is Seismic data acquisition and its related services. Its products and services also include directional drilling and drilling services, formation evaluation and well testing. The Company offers two dimensional (2D) and three dimensional (3D) seismic data acquisition, processing and interpretation, topographic survey, continuous core drilling for mineral and coal bed methane (CBM) exploration, wire-line logging and directional core drilling to target shallow horizons. The Company also provides specialized high technology services to oil and gas companies for targeted applications. The Company’s mineral exploration services include geophysical logging for mineral industry and integrated geological studies for mine planning and mineral exploitation.



Key Recent Developments :

* On 22nd November 2016 – company was taken over by Oilmax Energy Private Ltd & holding 57.81 % stake in the Company As of March 2017.

* On 27/12/2016 – company  approved Additional Issue Of 50 Lac Warrants To Promoter Oilmax Energy Pvt Ltd At  Rs 80/- Also Allotted 45 Lac Convertible Equity Warrants To Balram Chainrain  @ Rs 80/-.

* On December 27 2016 – about receipt of a binding Letter of Intent (LOI) for contract of approximately $57 million for providing O&M services for 3 years. The above contract of $95 million for a total period of 5 years (inclusive of client options) is for the same LOI. Asian Oilfield & Energy Services DMCC has also entered into an agreement to acquire 99.99 per cent shareholding of Ivorene Oil Services Nigeria (a company registered under Nigeria) to provide local support for this O&M contract.

* On 17th January 2017- company received letter of award of contract from Oil India for an estimated contract value of Rs 142.86 crore. In a BSE filing, the company said that that the order is for 2D Seismic data acquisition in Manipur (Area-1) from the unappraised areas of North East India.

* On 23rd February 2017 – company informed bourses that its wholly-owned subsidiary, Asian Oilfield & Energy Services DMCC, Dubai, has signed a contract for providing operations and maintenance services (O&M) for an offshore production unit operating at EBOK field offshore Nigeria. The total value of contract is about $95 million for a total period of 5 years.

* On 24th March 2017 – company announced that it has received a letter of award (LoA) of contract worth Rs 108.97 crore from ONGC. The Company in its filing to the bourses said that the LoA is for the 2D seismic data acquisition in unappraised on land areas of sedimentary basins of India for Sector 6 (Ganga), and the contract is worth Rs 108.97 crore.

* On 25th April 2017 – Asian Oilfield Services Limited has recently completed the mobilization of crew and equipment of two more contracts totalling Rs 111 Cr approximately. The excerpts of the contracts as per the company’s report filed at the BSE is as follows:

Name of the client, Location & Total approximate contract value :

* Oil India Limited, North Cachar Hills, Assam – Rs 63.75 Cr

* Bashneft International, BV Netherlands Myanmar- Rs 47.25 Cr

Why Asian Oilfield:

* ASIAN is a reservoir imaging company, offering a suite of geophysical services specializing in land and well seismic services.It’s mission is to help clients in the onshore Oil & Gas and Mining industries make quicker and more informed decisions on where to explore drill.

* ASIAN, during the past 2 decades has evolved and grown in an organic and progressive manner and is now headed by a dynamic Management Team. Now If We Look At Promoter Quality Its Is Extremely Good. Oilmax Energy Pvt Ltd Is Closely Held By 2 Individuals Mr Kapil Garg And Rabi Bistia. Mr Kapil Garg Has Been Managing Director At British Gas India Pvt Ltd Since 2007. Has very good experience In both upstream & downstream business. He Started his Carrier In Ongc & held various positions In Areas Of Operations Mr Garg Holds A Master’s Degree In Chemical Engineering From IIT,Roorkee. Mr Rabi Bistia is a reputed personality In the Hydrocarbon Industry. Dr Bistia contribution In exploring For hydrocarbon In deep water area of India Is commendable He Has Immensely Contributed In Major Hydrocarbon Discoveries Of 2002 In Krishna Godaveri Basin(KG BASIN). In The Recognition To His Outstanding Contribution In The Field Of Science Govt Of India Has Awarded Him Padma Shree Award.

* The portfolio of services include 2D and 3D seismic data acquisition, processing and interpretation, topographic survey, continuous core drilling for mineral and CBM exploration, wire-line logging and directional core drilling to target shallow horizons. In addition to the core services ASIAN also provides specialized high technology services to oil and gas companies for targeted applications.

* ASIAN employs 200 + personnel and during project execution period manages a workforce in excess of 1800 persons. ASIAN has executed projects in most parts of India and has a consistent track record of completing its projects in a wide range of terrains across the country. ASIAN has successfully executed projects in the North Eastern states of India where we have successfully overcome the challenges imposed by hostile terrain, social unrest and disturbances and security issues to spearhead the exploration efforts of oil and gas companies in this region.

* In addition to the oil and gas industry, ASIAN also serves the exploration needs of the Mineral and CBM industry, providing core-drilling services, wire-line logging services and production drilling services providing cutting edge solutions with state of the art equipment and technologies.

* Asian Oil Field With Change Of Guard And No Other Competitor Will Be Enjoying Monopoly And With Fresh Capital Coming In From The Proceed Of Issue Of Warrants Expect Working Of Company To Improve Considerably.

* It’s only competitor, Alphageo has bagged so many orders that for the next few years they Will Be operating at there full capacity & won’t be In a state to take new big orders. Now Asian Oilfields & Alphageo are only two companies into 2D And 3D Seismic Survey.

* Three factors that will lead to increased prosperity to Asian Oilfield, namely are :

1- bullish downstream prospects,

2 – dearth of listed seismic exploration players &

3 – hefty inflow of maintenance orders.

* Asian Oilfield, is engaged in short drilling  for ONGC & other private players, as evident from the financials company is witnessing a huge growth in the sales & soon would be a turnaround and report stellar results.




Promoter Shareholding : As per the shareholding pattern, Oilmax Energy Private Ltd & holding 57.81 % stake In The company As of March 2017. In public shareholding, Mr Vaibhav Hari kanade & Mr Ajay Upadhyaya holds 4.80 % & 1.15 % respectively.

Technicals & Price Target :

IMG-20170430-WA0000The stock was recommended intially in Nov 16 @ rs 85 to buy if closes above rs 90. The stock made a 52 week high of rs 249.60. Cmp is rs 209.10.The stock has multiplied 2.72 times in last 4 months. Trading above all moving averages it has formed extremly bullish long term pattern. It was in a consolidation zone. It is showing signs of a fresh move and long term trend is very positive. The Ultimate target is rs 400+++. We are super bullish on this turnaround story. Good quater result expected and company will report profit. One can buy/ accumulate Asian oilfields at cmp for gains of upto 100  percent from cmp. Time frame : 1 to 2 years.

DISCLOSURE: We are not holding this stock currently. However we may buy in the near future. The stock views expressed may be biased and for learning purposes, please do your own research before Investing or one may always consult his Financial Advisor Before Investing if any.

BEST FREE CALLS AS PER TECHNICAL ANALYSIS : guidance of Demand and Supply momentum and updates of Stock market.




Multibagger & Technical Pick: ITDC

Official_logo_India_Tourism_Development_CorporationThe India Tourism Development Corporation Limited (ITDC).

CMP : ₹ 467.

Target : ₹ 1490 (time frame 2 years).

Type : PSU.

Founded : 1966.

Headquarters :New Delhi, India.

Key people : Shri. Umang Narula I.A.S, Chairman & Managing Director.

Products: Ashok Group Hotels, Duty Free, Travel Solutions, Advertising Solutions,Engineering Consultancy, Education and Training, Event Management, Art Gallery.

Total Market CAP  : 4018.73 crores


Company Profile: The India Tourism Development Corporation Limited (ITDC) is an Hospitality, retail and Education company owned by Government of India, under Ministry of Tourism. Established in 1966, it owns over 17 properties under the Ashok Group of Hotels brand, across India.

India Tourism Development Corporation Limited operates hotels, and tours and travels. The Company’s segments include Hotel/Restaurants Operations; Duty Free Shops Operations; Travels & Tours Operations; ARMS & Misc. Operations; Construction, Consultancy & SEL Projects, and Others. It operates various divisions, including Hotels Division, Ashok Events Division, Ashok International Trade Division (AITD), Ashok Travels and Tours Division, Ashok Institute of Hospitality & Tourism Management, Ashok Consultancy & Engineering Services Division, and Sound & Light Show. The Hotels division includes hotels, such as Hotel Patliputra Ashok and Lalitha Mahal Palace Hotel. The Ashok Events Division manages events, conferences and exhibitions. The AITD division focuses on seaports. The Ashok Travels and Tours Division provides travel related services, such as air ticketing and tour packages. The Sound & Light Show Division provides consultancy Services related to sound and light shows.

Functions of ITDC: Since ITDC is a Corporation that oversees many functions related to the Hospitality Sector. In its multi- functional role, ITDC aims at running all its units efficiently and productively and with improved margins of profit.

  • As the mainstay of the Hospitality Industry in India, ITDC plays a pivotal role in the creation and advancement of tourist infrastructure in India.
  • ITDC is a large Corporation under the Tourism Department of Government of India and carries a large number of employees in its different sections at various levels of caliber and status.
  •  ITDC aims at achieving high levels of productivity from its personnel through superior education, stimulus, and Human Resource Development practices.
  • ITDC plays a vital role in getting together Government of each different State and its corresponding Tourism Development Corporation in planning and implementing new tourism-related projects, promotion of these projects, and training of required personnel. It is through the impetus created by ITDC that new tourism projects across the country are being developed.
  • A successful organization needs to have the correct ratio of man and work. ITDC works towards rationalizing size of the Human Resources so that the organization is trim and competent.
  • Shareholders who have put their trust in the organization should be adequately compensated by creating value for them.
  • Customers who are the backbone of any business venture should be provided with more than their money’s worth so that they are satisfied and return for more.
  • Construction of new hotels and other hospitality related units, management of the existing ones and take-over of those hotels, motels, resorts, lodges and restaurants that are not doing well but have potential is one of the primary functions of the Corporation.
  • All other activities that are related to tourist facilities and interests such as transportation, entertainment, shopping, facilities for conventions and meetings etc. come in the purview of the functions of the Corporation.
  • Publicity matter related to tourism is envisioned, designed, produced and distributed by the Corporation.
  • ITDC also takes up consultancy and management of tourism related projects in the country and overseas.
  • Official money-changing facility for tourists, viz. Full-Fledged-Money-Changers (FFMC) and restricted money changers are also the functions of the Corporation.
  • Keeping tourism as the centre of focus, the Corporation provides innovative and viable answers to problems related to the Tourism and Engineering Industry that include the whole gamut; visualization, planning, strategy and implementation of project or consultancy as need be. In keeping with defined functions related to Tourism, the Corporation runs hotels and restaurants all over the country and also provides transportation for tourists. The Corporation is also involved in production of publicity material related to tourism, entertainment of tourists, managing duty free shops and money-changing facilities for tourists. The Ashok Institute of Hospitality & Tourism Management under the aegis of the Corporation is one of the top Hotel Management Institutes in the country. Other new ventures include engineering related consultancy services etc.


Facilities of ITDC: Tour packages, Booking, Ticketing, Transportation Under the ITDC division; Ashok Travels and Tours offers tour packages, hotel bookings of ITDC and other hotels in India and overseas. Special tourist packages for ITDC hotels including 16 hotels across the length and breadth of the country are also offered.

Why ITDC :

  • Most ITDC hotels are in prime locations in several cities.
  • India Tourism Development Corporation seeks shareholders’ nod for divesting stake in oundertakings and JV subsidiaries of the company. The state-run firm is looking to divest or offload its stake in all hotels run by it except Ashok and Samrat hotels in the national capital. .
  •  Company is focusing on all the Verticals of ITDC like Ashok Tours & Travels (ATT), Ashok Events (AE), Ashok International Trade Division (AITD), Ashok Institute of Hospitality and Tourism Management (AIHTM), Sound & Light Division (SEL), Ashok Consultancy & Engineering (ACE) to improve our overall performance and profitability across segments, while maintaining our core competence and social responsibility as a Public Sector.
  • Government’s increasing focus on Tourism & Hospitality industry.
  • Indian Tourism Development Corporation Ltd (ITDC) has set up a new joint venture (JV) with IL&FS to develop tourism infrastructure through the public-private partnership (PPP) mode in the country.The equal JV will be called Ashok Tourism Infrastructure Development (Ashok Infra) and intends to become a one-stop shop for providing expertise to develop tourism infrastructure in the country to various state governments and other entities.The JV will do a complete hand holding, visualisation and implementation of such projects through this joint venture.

Promoter Shareholding : As per the shareholding pattern, the promoters i.e President of India holds 87.03 % stake. In public shareholding, The Indian Hotels Company Ltd have 7.87 % stake. LIC is also invested and holds 3.52 % stake.

Technicals & Price Target :

IMG-20170212-WA0024The stock  made a 52 Week high of ₹ 494.70 on 11th April. Stock is trading above all averages. It has formed a excellent technical pattern and multi year break out. We recommend it @ ₹ 351 and the chart was shared in social media. The stock can witness levels of ₹ 590++ in short term. We feel that the company is a good buy. This is more a technical pick. One can buy/accumulate & hold with patience for 2 years, for a ultimate target of ₹ 1490 i.e return of 219% from cmp.

DISCLOSURE: We are not holding this stock currently. However we may buy in the near future. The stock views expressed may be biased and for learning purposes, please do your own research before Investing or one may always consult his Financial Advisor Before Investing if any.

BEST FREE CALLS AS PER TECHNICAL ANALYSIS : guidance of Demand and Supply momentum

and updates of Stock market