Kavveri Telecom Products is currently trading at Rs. 225.90, up by 3.35 points or 1.51% from its previous closing of Rs. 222.55 on the BSE.
The scrip opened at Rs. 223.45 and has touched a high and low of Rs. 227.40 and Rs. 219.10 respectively. So far 12564 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 255.00 on 09-Jul-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. 228.80 and Rs. 214.00 respectively. The current market cap of the company is Rs. 452.39 crore.
The promoters holding in the company stood at 32.15% while Institutions and Non-Institutions held 27.72% and 40.13% respectively.
Kavveri Telecom Products’ USA based subsidiary -- Kavveri Technologies Americas Inc -- has acquired wireless division of WPCS International Inc, with operating business units located in Hartford, Connecticut and Hartford, New Jersey.
WPCS International operates globally, providing a comprehensive range of infrastructure services in wireless communication, specially construction and electrical power. WPCS provides a full service design, project management, installation and maintenance of infrastructure for corporate and private enterprise, telecom, energy and utility provides, healthcare organizations, educational institutions and public services organizations worldwide.
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.
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