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ITI Limited ( (IN:ITI) ) just unveiled an update.
Axis Max Life Insurance, a significant player in the insurance industry, is focusing on growth through its product strategy, particularly in the protection segment. The company has reported a 27% increase in its value of new business for the first half of the fiscal year, driven by a strong product mix and strategic partnerships. Despite the short-term impact of GST exemptions on margins, Axis Max Life is optimistic about maintaining its growth trajectory by optimizing costs and improving its product offerings. Meanwhile, Star Air, a regional airline, has raised ₹150 crore in its Series B funding round to expand its fleet and route network. This funding marks the airline’s first external raise, aiming to capitalize on the growing demand in India’s aviation sector and enhance its operational capabilities.
More about ITI Limited
Average Trading Volume: 235,738
Technical Sentiment Signal: Strong Buy
Current Market Cap: 309.5B INR
For an in-depth examination of ITI stock, go to TipRanks’ Overview page.