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Wednesday, December 19, 2007

Karuturi Networks : Reco Price Rs. 238.50 CMP: Rs.245.30 (Gain 2.85%)

Karuturi Networks is a Bangalore based Floriculture company and is an emerging leader in the global rose industry. It has 10 hectares of land in Bangalore and another 50 hectares in Ethiopia where it has made a major acquisition of land under rose cultivation. It supplies roses to some of the biggest retailers in the world like ASDA (a Walmart company). Karuturi has also expanded into the fast growing food processing sector with export of gherkins used to make pickles and for salads.

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