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Karuturi Global Limited (NSE India Code : KGL)       STRONG BUY

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KGL Technical Levels

Resistance 2 4.60
Resistance 1 4.40
PIVOT 4.20
Support 1 4.00
Support 2 3.60

KGL Fundamentals

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KGL Share Price on 5-10-2012

Open 4.3
High 4.3
Low 4.05
Close 4.15
Volume 984647
Change -0.05 (-1.19%)
Series EQ
Date of Listing 03-May-07
Paid Up Value 1
Face Value 1
Market Capital 218.886 Crores
52 Week High/Low 7.95 / 2.8
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Karuturi Global Limited Company Profile

Karuturi Networks (KARUTNET) is engaged in the businesses of floriculture, processed foods and information technology. It was incorporated in 1994 and got its present name in 2001. The company operates through its three business divisions of floriculture, processing foods (gherkins), and information technology (IT). It has rose farms in Bangalore and its subsidiary, Ethiopian Meadows, manages rose farms in Ethiopia. On acquiring a large floriculture unit in Kenya, the company would be expanding its production capacity from the current 150 million stems per annum to around 650 million stems. The company has a tie-up to produce international grade greenhouse structures for both the domestic and the overseas market with an annual capacity of 24,000 tons of greenhouse material. The gherkin processing and bottling plant is located in Tumkur. The company has tied up with customers in US, Europe and Russia and bagged a prestigious order worth Rs 3,000 million to be executed over a span of five years with dispatches beginning in late 2007. The IT division provides internet services, develops software, and markets niche technology products and services. In 2007, it acquired Estel Communications, a category A broadband internet service provider with pan India presence. Under the brand name Flower Xpress, the company has 40 retail outlets in and around Bangalore and has planned to expand the network to 300 retail outlets with Pan India presence. With offices in North America, UK, Japan, Singapore, and Australia, It sells its products to boutique manufacturers and supermarkets across 15 countries including Holland, United Kingdom, Germany, Italy, Singapore, Taiwan, Muscat, Dubai, Bahrain, Australia, Japan, Brunei, and New Zealand and across North America. Ethiopian Meadows, Dubai is another subsidiary of the company. The registered office is located at 95/1, Naranhalli village, Doddabelavangala Doddaballapur, Bangalore-561203.

KGL Intraday Realtime Chart

KGL Corporate Announcements

DATE PURPOSE
10-Jul-12 Disclosure under SEBI Takeover Regulations
14-Jun-12 Outcome of Board Meeting
15-May-12 Financial Result Updates
13-Feb-12 Financial Result Updates
06-Feb-12 Disclosure under SEBI Takeover Regulations

KGL Corporate Actions

DATE PURPOSE
16-Sep-11 Annual General Meeting And Dividend Re.0.10 Per Share
16-Sep-11 AGM/DIV-RE.0.10 PER SHARE

KGL Board Meetings

MEETING DATE PURPOSE
13-Aug-12 Results/Others
15-May-12 Un-audited Financial Results
15-May-12 Results/Others
13-Feb-12 Board Meeting Adjourned
11-Feb-12 Un-audited Financial Results

KGL Related companies

Symbol Company Name
AMLSTEEL AML Steel Limited
APCOTEXIND Apcotex Industries Limited
APOLLOHOSP Apollo Hospitals Enterprise Limited
ARCHIDPLY Archidply Industries Limited
AROGRANITE Aro Granite Industries Limited

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