Stock market today, Feb. 21 -- Shares of public sector undertaking (PSU) Indian Telephone Industries (ITI) hit the 5% upper circuit limit on Friday, February 21, taking its winning streak to the third straight session. The rally follows the company's announcement that it would receive Rs.200 crore from the sale of land to C-DoT.

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 Rs.200 crores, stated the exchange filing shared by the company.

ITI received an initial tranche of Rs.100 crore from C-DoT on February 19, 2025, as part of the executed sale agreement between the company a...