From Rs 7.60 to Rs 38.76 per share: Debt-free multibagger defence telecom stock to keep under the radar!
The company has a market cap of Rs 78 crore and it's completed debt-free as of June 2024.
On Tuesday, shares of Kavveri Telecom Products Limited were locked in a 2 per cent lower circuit to Rs 38.76 per share from its previous closing of Rs 38. The stock also made a fresh 52-week high of Rs 38.76 per share while its 52-week low is Rs 7.60 per share, gaining multibagger returns of 410 per cent.
Kavveri Telecom Products Ltd designed and developed a new product called “8 port Dual Band Panel Antenna”. This product is for the dual-band applications in 2 GHz and 3 GHz frequency bands being used in the cellular networks in Australia. Additionally, Kavveri Telecom Products Ltd received approval from MCA to change the name of the company to KAVVERI DEFENCE & WIRELESS TECHNOLOGIES LIMITED.
Earlier, Kavveri Telecom, a top wireless subsystem maker, landed a major Rs 109 million order for homegrown radio frequency products and antennas. This aligns with the Make in India initiative, boosting domestic production. Kavveri's R&D investment paid off, and they now eye global markets to make India a telecom equipment manufacturing hub.
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According to Quarterly Results, the net sales increased by 107 per cent to Rs 0.62 crore in Q1FY25 compared to Rs 0.30 crore in Q1FY24. The company reported a turnaround net profit of Rs 0.03 crore in Q1FY25 compared to a net loss of Rs 0.20 crore in Q1FY24, an increase of 115 per cent.
Kavveri Telecom is a leading wireless products manufacturer, providing world-class hardware products and solutions for the telecom, defence and space industry. Kavveri Telecom combines expertise with experience to deliver state-of-the-art products and solutions spanning the wide spectrum of the wireless Industry up to 18 GHz frequency range. The diverse range of products manufactured by Kavveri includes Antennas, RF (Radio Frequency) Components, Filters, Combiners, Multi-couplers, Repeaters, TMA/TMB and many more.
The company has a market cap of Rs 78 crore and it's completed debt-free as of June 2024. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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