ITI Limited invites e-auction RFP for 44-acre Bengaluru land parcel

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ITI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹280.85

prior close

₹280.75

announcement price

In-mkt

timing

Nifty Smallcap 250market-0.6%-0.3% vs market

Telecom - Equipment & Accessories peers, median of 5sector-1.2%+0.3% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.3 pts more than its Telecom - Equipment & Accessories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.8

10m

+1.3

15m

+1.4

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-0.6-0.3-1.2+0.3

Next day

-1.0-0.0-0.9-0.1-0.9

-0.7+0.4-1.0-1.3+0.7

-0.9+0.2-1.0-0.4-0.4

-1.3+0.0-1.3+0.5-1.8

-1.0+0.6-1.6+0.6-1.6

-1.9+0.8-2.7+5.5-7.3

15d

-4.8+0.5-5.2+7.9-12.6

-9.0-0.4-8.6+7.5-16.5

-15.1-5.0-10.1+2.6-17.7

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UpDownMarket · Nifty Smallcap 250Sector · Telecom - Equipment & Accessories peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

National Land Monetization Corporation (NLMC) has issued a Request for Proposal (RFP) on behalf of ITI Limited for the e-auction of a 44.03-acre land parcel at Krishnarajapuram, Bengaluru, Karnataka. The reserve price has been set at ₹1,685.40 Crores. Further details are available on ITI's official tender website.

Likely market impact

Potential monetisation of a major land asset worth about ₹1,685 Crores could boost ITI's cash position. Outcome depends on auction results.