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Kavveri Telecom surges on inking long term agreement for in-building wireless solutions

Kavveri Defence & Wireless Technologies Ltd. | Telecommunication - Equipment | Telecom | BSE: 590041 | NSE: KAVDEFENCE

12 Jan 2012 Evaluate

Kavveri Telecom is currently trading at Rs. 135.10, up by 1.40 points or 1.05% from its previous closing of Rs. 133.70 on the BSE.

The scrip opened at Rs. 147.80 and has touched a high and low of Rs. 149.00 and Rs. 132.00 respectively. So far 19607 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 190.00 on 08-Jul-2011 and a 52 week low of Rs. 108.00 on 10-Mar-2011.

Last one week high and low of the scrip stood at Rs. 149.00 and Rs. 122.85 respectively. The current market cap of the company is Rs. 269.67 crore.

The promoters holding in the company stood at 37.17% while Institutions and Non-Institutions held 14.70% and 48.13% respectively.

Kavveri Telecom Products under its subsidiary Kavveri Telecom Infrastructure has signed a long term agreement for 10 years with the 10th operator who is one of the major PAN India Cellular operators for in-building wireless solutions. This agreement will provide a substantial long term revenue source for Kavveri Telecom Infrastructure.

Earlier in December 2011, the company signed a long term agreement for 10 years under its subsidiary Kavveri Telecom Infrastructure with the ninth operator who is one of the major PAN India cellular operators for in-building wireless solutions.

Kavveri Telecom Products is currently a leading manufacturer of RF Products and Antennas in India. The company has a major market control in RF products and antennas. The company’s customers include all the leading operators and OEMS including Ericsson, Alcatel Lucent, Nokia Siemens Networks, RCom, Airtel, Vodafone, Idea, Aircel, BSNL to name a few.

Kavveri Def. Wireles Share Price

71.33 3.39 (4.99%)

17-Apr-2026 16:59 View Price Chart

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Kavveri Telecom surges on inking long term agreement for in-building wireless solutions

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