Kavveri Telecom Products has advanced 3.3% to Rs 140 on the Bombay Stock Exchange after the company entered into a long-term agreement for ten years with a pan-India based cellular operator.
As per the filing to the exchanges, Kavveri Telecom Infrastructure, subsidiary of Kavveri Telecom Products will help in building wireless solutions solution for a major Indian cellular operator, which will provide a substantial long term revenue source for the company.
The stock opened at Rs 138 and touched the high of Rs 142 in intraday trades. As many as 24,000 shares have changed hands on the BSE compared to its two-week average of 32,000 shares.