Penny Defence Stock Under Rs 60 Hit Upper Circuit After Subsidiary Wins Major US Order Worth USD 2 Million
DSIJ Intelligence-2Categories: Mindshare, Penny Stocks, Trending
From its 52-week low, the stock has given 84.84 per cent returns.
On Thursday, shares of Kavveri Defence & Wireless Technologies Limited locked in the 2 per cent upper circuit. The stock’s 52-week high is Rs 66.7 per share and its 52-week low is Rs 28.9 per share. The shares of the company saw a spurt in volume by more than 3.31 times on the BSE.
Kavveri Defence & Wireless Technologies Limited announced on July 24, 2025, that its wholly-owned North American subsidiary, Til-Tek, has been approved as a vendor by a major US-based multinational company. The customer, a global leader in industrial and infrastructure solutions with operations across the United States, Europe and the Asia-Pacific region, specialises in advanced connectivity and automation for critical industrial systems.
Til-Tek’s RF antenna products have been integrated into the multinational’s network design framework after completing a rigorous technical qualification process. This development marks a significant milestone for Kavveri, replacing a long-standing international incumbent and demonstrating its ability to deliver dependable, high-performance, and cost-competitive wireless RF solutions. The company highlighted its focus on innovation-led execution with emphasis on performance, design flexibility and value.
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This engagement represents a revenue opportunity of USD 2 million, approximately Rs 17.3 crore. Kavveri expects the partnership to grow, potentially positioning Til-Tek as a comprehensive RF subsystem partner for this global customer. As deployments accelerate, volumes are projected to increase steadily over the coming quarters, strengthening Kavveri’s standing in the RF market, which spans high-performance antennas, filters and subsystem design.
Mr. Shivakumar Reddy, Managing Director of Kavveri Defence & Wireless Technologies Limited, stated that the milestone reflects the company’s commitment to earning trust from global leaders in critical infrastructure. He emphasized that antennas are central to every communication system, and Kavveri’s proven quality and engineering excellence played a crucial role in securing this account. He added that the order for RF products is international and expected to be continuous.
Kavveri Defence & Wireless Technologies Limited, through Til-Tek, provides robust, high-performance wireless RF products for complex deployments, serving multiple industrial sectors. The company remains focused on innovation and aims to enhance its presence across all RF segments. From its 52-week low, the stock has given 84.84 per cent returns.
Disclaimer: The article is for informational purposes only and not investment advice.