DIP IN KAVVERI: Sudhakaran and others, there is no problem with Kavveri Telecom, the dip that took place is just a healthy correction for further up moves. You can add more at 131 levels and the script has a very strong support at 126. Also keep in mind that this is a long term pick...hold time is 15 months...and the call is just 11 days old! Please be patient because I will not recommend bull shit scripts. Even if I have 5% doubt, I will hold back. With 3G becoming hot in the next 3-5 years, Kavveri Telecom has a bright future ahead.
Recent GOOD NEWS about Kavv: On Sep 21st, they informed BSE that they have bagged a contract from one of the top leading Telecom Operators of the Country, which is worth Rs 30 crores and represents a significant chunk of their quarterly turnover.
PREVIOUS POWERFUPLICKS RESEARCH ON KAVVERI: This stock has a tremendous potential going forward. Kavveri Telecom (NSE: KAVVERITEL) is a leading telecom products manufacturer, providing world-class, hardware products and solutions for the telecom industry. They are engaged in the design, development and manufacture of radio frequency (RF) products and antennas for telecom, defense and space applications in India and abroad.
The Company also provides turnkey solutions for coverage and capacity enhancement requirements for global system for mobile communications (GSM) and code division multiple access (CDMA) carriers in India. Kavveri Telecom Products Limited manufactures and supplies several types of antennas, such as GSM antennas, CDMA antennas, wireless local area network (WLAN) antennas and multiband antennas.
The diverse range of products manufactured by Kavveri Telecoms includes antennas, RF components, repeaters, TMA/TMB. Headquartered in Bangalore, India, with three well-equipped production plants, Kavveri Telecom is geared to meet all telecom hardware needs of clients across the globe. Kavveri Telecom''s esteemed clientele include industry giants such as Alcatel, Lucent, Aircel, Airtel, BharathElectronics, BSNL, Ericsson, VodafoneEssar, IDEA, ITI, MTNL, NOKIA, Reliance Communications, Spice, TATA Teleservices, Worldspace, ZTE, Motorola, Siemens, Huawei, ZTE and Tata Indicom.
The Company's subsidiaries include Eaicom India Private Ltd, Kavveri Technologies Inc and Kavveri Telecom Infrastructure Limited. Some time back, they had acquired DCI Digital Communications. DCI is a specialised Radio Frequency Interference (RFI) products company based out of Canada. DCI also offers custom solutions to reduce interference problems in the 30 MHz to 6 GHz range. The company has been making high-quality RFI filters since 1994. This is their second acquisitions in Canada after Til-Tek Antennae Inc in January last year. DCI comes to Kavveri's fold with customers like SaskTel and Rogers, both cellular operators in Canada and AT&T among others.
Previously, they had also acquired Spotwave Wireless Canada Inc. and Spotwave Wireless Inc. "Spotwave' patented intelligent adaptive repeater inbuilding solution is a key strategic addition to Kavveri's existing engineered inbuilding product and services business"
Kavveri has a strategic business partnership with Orban Microwave Products for the design, manufacture, and marketing of Orban Microwave's products, subsystems, and solutions portfolio into the Indian market. Kavveri recently landed a big export order for RF products and a big upside in the company's fortune in the next few years can be expected with 3G and BWA coming to India in a big way.
Buy Kavveri Telecom at 150 or below for a 15 month target of 195 (+30%)
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