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Karuturi Global Ltd BSE:531687 NSE:KGL

Karuturi Global Ltd is engaged in Agro business. Company is listed on both NSE and BSE. NSE symbol for Karuturi Global Ltd is 'KGL' and BSE code for Karuturi Global Ltd is '531687'.

About Company

Incorporated in 1994,Karuturi Global Ltd was formerly known as Karuturi Networks Limited.The company is engaged into various business including agriculture, food processing, floriculture,retail including a flower auction portal and information technology in India. The company is the largest producer of cut roses in the world.The company exported its products to Holland, Germany, United Kingdom, Italy, Singapore, Hong Kong, Taiwan, Bahrain, Muscat, Dubai, Australia, Japan, New Zealand, Brunei and North America.The company has 311,000 hectares of land on lease hold basis from Ethiopian Government in Baka and Gambela region in Ethiopia to cultivate short, medium and long gestation crops.The company also has a food processing plant at Tumkur,Banglore for bulk processing and bottling of gherkins(baby cucumbers) for exports to Europe and the U.S. The company also intiated bottling and exports of other vegetables such as raddish, beetroot, carrot, baby corn, jalapenos and green ball peppers.It is also the prominent internet services provider (ISP) to large MNCs and medium-sized companies, and their R&D centres in and around Bangalore.The company developed a e-commerce website, www.rosebazaar.com,the only flower-auction portal in India.

Karuturi Global Ltd Stock Quotes and Charts

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  Website   www.karuturi.com
  Industry*   Agro
  Corporate Action  Detail/More>>
  Ex_Date:16-Sep-2011    Purpose:ANNUAL GENERAL MEETING AND DIVIDEND RE.0.10 PER SHARE

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Karuturi Global Ltd User Reviews

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18. aspiringmagician  Jun 3, 2008 1:41:39 PM IST Reply

They are raising $100mn@10% stake in their overseas biz owned wholly by karuturi global. Does this mean that valuation for company shud be above $1bn? If yes share price are indicating Mar cap of $250mn. Does this mean that share price should adjust close to 80rs? If yes please someone tell me the reason it isnt moving. Is there a catch I m missing.

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17. aspiringmagician  Jun 3, 2008 1:41:52 PM IST Reply

<b>Buy@ Rs 26 For target of Rs 100 In 2 Months.</b><br><br>They are raising $100mn@10% stake in their overseas biz owned wholly by karuturi global. Does this mean that valuation for company shud be above $1bn? If yes share price are indicating Mar cap of $250mn. Does this mean that share price should adjust close to 100rs?

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16. Kunal  Jun 4, 2008 7:21:01 AM IST Reply

Yes If they can execute this deal of its subsidiary then definitely the implied value of the holding company share should be above Rs 100. The pricing seems very agressive but If they can manage it this will be great.The Management has shown tremendous foresight in expanding their business. The earnings visibility for the next five years are assured. Only danger is their overdependance on african region where any political unrest can play spoilsport Otherwise this looks to be multibagger even at this stage.

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15. Salim  Jun 4, 2008 7:21:17 AM IST Reply

I agree with you. Karuturi Overseas Ltd is a 100% subsidiary of Karuturi Global Ltd. 10% dilution in Karuturi overseas Ltd for 100 million dollars (Rs 420 crores) would value Karuturi Overseas Ltd at Rs 4200 crores. Considering this the shares of Karuturi Global Ltd should be quoted at Rs 120 to Rs 140 per share. <br><br>Experienced Boarders are requested to analyse this and give their valuable comments. Cheers and Happy Investing

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14. RK  Nov 8, 2009 7:38:20 PM IST Reply

Everyone seems to have opinion of 100+ target of KGL since last year, but till now it has delivered negative returns only. Are u guys genuine?? I mean and I hope these are not paid/sponsored posts!!!

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13. KarutGlob  Jun 5, 2010 3:43:27 PM IST Reply

!!! WHAT IS IT THAT WILL DRIVE THIS STOCK CRAzY !!!!<br><br>fellow karuturi investors..<br><br>let me try and put down some of the recent happenings around our beloved karuturi global..<br><br>looks like its been a very busy day for ram karuturi on 31st of may 2010.<br><br>1. a high level of delegation in Ethiopia convening to put aside speculations about the land deal and future of karuturi in ethiopia.<br>the outcome of this meeting has been provided as a press release. <br>karuturi has outlined its agricultural plans for financial year 2010-11 in this release.<br>bottom line of 15 million US dollars to top line of 40 million us dollars will be the revenues from agriculture for this financial year.<br><br>the financial year 2009-10 revenue has been about 120 million US dollars..<br>considering a 20 percent increase in revenue from floriculture business alone for this year,<br>(this is due to the fact that more land is being brought under floriculture to achieve the 1 billion rose stem sales target)<br>the total revenue expectation for 2010-11 (fy11e) will be -- <br>120 + 20 (from floriculture growth) + 15 (from agri) = 155 million US dollars bottomline<br>120 + 20 (from floriculture growth) + 40 (from agri) = 180 million US dollars topline <br><br>so.. a bare MINIMUM of 30 pecent growth in revenues can be expected for this year.. which is positive news..<br>this is in additional to the more positive news of a stable ethiopian situation post elections and the support for karuturi from ethiopian govt.<br><br>iam not making any conclusions here but karuturi`s press release was reassuring.. one way or the other..<br>seemed like ram karuturi was getting worried about the stock fall (and about us the investors) and the news could not have come in a better timing..<br><br>2. Secondly, on the same 31st of May 2010 2.30pm, in india, the FOREIGN INVESTMENT PROMOTION BOARD (FIPB) 154th meeting was held to consider <br>--Ex-post-facto approval for issuance and allotment of warrants to carry out the business of Floriculture & Food processing-- (See Ministry Of Finance <br><br>website). the interesting fact about this point is that the outcome of this meeting will be released in the coming week or two.<br><br>ram karuturi is definitely sounding confident post the election results..<br>Will the fipb approval be the turning point for karuturi stock?<br><br>3. Thirdly, there has been confirmed news (see dealcurry website) about talks with Reliance money and Standard chartered to raise capital.<br>--Last month, Karuturi had announced that it was in talks with Standard Chartered`sPE arm and Reliance Capital to raise $100mn by diluting upto 10% stake in <br><br>its subsidiary Karuturi Overseas Ltd. Karuturi Global has appointed Yes Bank as advisor. Karuturi Overseas is the holding company for the Karuturi Group`s <br><br>Africa operations.-- <br>When this happens is what we need to wait and see..<br><br>4. Fourthly, there has been some speculation about Karuturi being in advanced level of talks with a Food processing major.<br><br>so.. Fellow investors.. please help me understand..<br><br>!!! WHAT IS IT THAT WILL DRIVE THIS STOCK CRAzY !!!!<br><br>Any thoughts...

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12. RABINDRA  Sep 20, 2010 9:40:16 PM IST Reply

YES IT HAS STRONG LINE UP AND STRONG DEMAND IN OUTSIDE THE BUSINESS FLOW CURRENTLY WILL MOVE FROM 27 TO 47 WITHIN 40 TO 45 TRADING DAYS HOLD UR NERVE STILL SOME DAY

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11. nagesh kamath  Nov 9, 2010 2:00:54 PM IST Reply

considering their existing presence only in the african region where political stability is not assured leaves karuturi global with lesser room for substantial impact on the investors looking forward to foray their savings into the company stock .need to be more ubiquotous with their presence in other region as well to look like a more promising venture to investors

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10. shaktiraj guleria  Dec 4, 2010 1:17:37 PM IST Reply

I am a long term investor in KAruturi global but yesterday move shattered me. Will you please clerify the reason behind fall in share on 3rd December 2010 and what further action you are going to take in this matter.

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9. suresh  Dec 4, 2010 1:24:14 PM IST Reply

YES IT HAS STRONG LINE UP AND STRONG DEMAND IN OUTSIDE THE BUSINESS FLOW CURRENTLY WILL MOVE FROM 27 TO 47 WITHIN 40 TO 45 TRADING DAYS HOLD UR NERVE STILL SOME DAY

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8. rajiv  Dec 9, 2010 5:26:57 AM IST Reply

Karuturi Global said on Tuesday it will buy a 54% stake in Mumbai-based Florista, which has a chain of floral designing boutique stores across India.<br>Karuturi, which produces cut roses, is planning to merge its retail business, Xpress, with Florista, which currently has 15 stores in India, it said in a statement to the Bombay Stock Exchange.

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7. vibhor  Feb 22, 2011 12:24:39 PM IST Reply

Dear Sir,<br><br>I have bought Karuturi Global@15.30. Will it cross 19 in next 2 weeks as I want to stay invested in it for short term.

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6. srikanth  Mar 25, 2011 5:25:56 PM IST Reply

Is it right time to invest in kgt..what is its growth forecast..kindly help me out

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5. Ratan mahapatra  Apr 20, 2011 8:13:01 AM IST Reply

<b>Buy@ Rs 13.6 For target of Rs 75 In 1 Year.</b><br><br>Karuturi Global is highly recommended stock to buy at present levels. Reasons as follows:<br>1) Technically selling pressure is over.<br>2) This is a new buy level (call) for karuturi.<br>3) This is very popular stock among big investors.<br>4) High volatility, high liquidity.<br>5) In August this Stock will trade in 50-55 range.<br>6) Karuturi`s business volume in agriculture has boomed in 2011 and in 2012 it will be one of the best Company in Agri group.<br>7) Company has big plans in future time with agri field.<br>8) Company`s management is excellent. I have come accross with their management team in my 2nd meeting with them in Indonesia.

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4. churuk  Jun 26, 2011 3:49:30 PM IST Reply

shud i buy now???

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3. Rajan  Jun 27, 2011 12:09:47 PM IST Reply

Yep you can but target is 70+

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2. Vineet  Jul 28, 2011 11:28:06 AM IST Reply

Don`t buy this share now. Wait for 10 days more...It will fall upto 10- 11 Rs. after dat it will be fruitful for u purchase it...... Bcoz this time the condition of market is not favourable to invest in dis share..... and the 2nd quarter target is not sure to be achieved......

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