Shares of state-run telecom equipment manufacturer ITI Ltd rose as much as 9.4 per cent to Rs 102.9, their highest since September 14.
India will continue to force three state-owned telecom companies to purchase 30 per cent of their equipment orders from ITI, the government had said on Thursday.
The quota policy will apply to Bharat Sanchar Nigam Ltd, Mahanagar Telephone Nigam Ltd and Bharat Broadband Network Ltd. More than 520 million shares of ITI were traded, 0.6 times their 30-day moving average of 818,974.