ITI is trading 5% higher at Rs 43 on reports that the government plans to invite fresh bids for a controlling stake, after investors stayed away in the previous attempt citing stringent norms that prevented a possible turnaround of the ailing public-sector firm.
 
“The government may concede the demands of potential bidders, which want the government to allow them to reduce the workforce and waive technology transfer fees. They also had asked the government to mandate state-owned telcos BSNL and MTNL procure at least 30% of their equipment from ITI&" reports suggest.
 
The stock opened at Rs 41 and has seen 133,000 shares change hands on opening trades, as against an average 144,000 shares that were traded daily in past two-weeks.