Kavveri Telecom Products is currently trading at Rs. 188.70, up by 0.80 points or 0.43% from its previous closing of Rs. 187.90 on the BSE.
The scrip opened at Rs. 204.00 and has touched a high and low of Rs. 204.00 and Rs. 185.00 respectively. So far 10918 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 204.00 on 5-Jun-2012 and a 52 week low of Rs. 118.00 on 26-Aug-2011.
Last one week high and low of the scrip stood at Rs. 204.00 and Rs. 162.55 respectively. The current market cap of the company is Rs. 380.95 crore.
The promoters holding in the company stood at 32.15% while Institutions and Non-Institutions held 31.57% and 36.28% respectively.
Kavveri Telecom Products has received an approval for setting up a subsidiary in USA to acquire companies in USA. The board at its meeting held on May 30, 2012 has approved for the same.
Further, the board has authorized Managing Director and Executive Vice President (Acquisitions and Strategic Relationships) of the company to take necessary steps required to complete this incorporation.
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.
